Sector Update: Consumer Stocks Advance Late Afternoon
MT newswire2026/09/17 19:40Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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03:40 PM EDT, 09/17/2026 (MT Newswires) -- Consumer stocks were higher late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.2%. In corporate news, YETI (YETI) shares rose 3.3% after the company said it is targeting annual adjusted earnings per share growth of low double-digit to high teens and annual net sales growth of mid-single-digit to high-single-digit through fiscal 2030. Mondelez International (MDLZ), Hershey (HSY), Kraft Heinz (KHC), General Mills (GIS) and other food companies will continue to face potential sales declines due to the rising use of GLP-1 treatment for weight loss, but the introduction of pills could lower the impact on sales, Bloomberg reported, citing Bloomberg Intelligence research. Mondelez shares were down 0.3%, Hershey was shedding 0.8%, Kraft rose 0.7%, and General Mills was fractionally lower. Lucid (LCID) CEO Silvio Napoli said Thursday on Bloomberg Television that the company finalized its work with restructuring advisers. Lucid's work with AlixPartners concluded after the adviser was brought in to help the electric-vehicle maker achieve $1.4 billion in cash savings this year, the report said. Lucid shares jumped past 6%. XPeng (XPEV) plans to offer its technology to foreign automakers other than its partner Volkswagen as it looks for new revenue streams, Reuters reported. XPeng shares added 3%.
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