Sector Update: Consumer

MT newswire2026/08/28 19:30

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03:30 PM EDT, 08/28/2026 (MT Newswires) -- Consumer stocks were higher late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1%. In corporate news, Lucid (LCID) is recalling 27,185 of its Air luxury US sedans because an exterior lighting circuit could overheat and increase the risk of a fire, Reuters reported, citing the US National Highway Traffic Safety Administration. Lucid is distributing an online software patch to fix the defect, with 20,719 affected vehicles already receiving the update, the report said. Lucid shares were down 2.1%.

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The University of Michigan's final Consumer Sentiment Index for October stood at 48, reaching a five-month low, but exceeded market expectations. Consumers' one-year inflation expectation rose to 4.7%, and their long-term inflation expectation for the next five to ten years rose to 3.5%, both the highest since May this year and marking a second consecutive month of increase. While the S&P 500 Total Return Index has climbed to record highs, U.S. consumer sentiment remains near historic lows, with the divergence between the two reaching a record extreme.

华尔街见闻•2026/10/23 15:48