Sector Update: Consumer

MT newswire2026/09/28 17:34

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

01:34 PM EDT, 09/28/2026 (MT Newswires) -- Consumer stocks were mixed Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1.1%. In corporate news, Paramount Skydance's (PSKY) plan to raise over $44 billion from dollar and euro bond sales to finance its acquisition of Warner Bros. Discovery (WBD) has been set in motion as Bank of America (BAC) and Citigroup (C) started holding calls to gauge investor interest, Bloomberg reported. Paramount shares rose 3.9%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

U.S. Treasury Secretary Janet Yellen defended the rise in U.S. Treasury yields, stating that this increase is a global phenomenon rather than unique to the United States, and does not warrant excessive concern. She partially attributed inflationary pressures to higher oil prices caused by the Iran conflict, and expects the energy shock to subside as hostilities ease. Yellen refuted the notion of an AI bubble, arguing that investments by major tech companies are grounded in solid business logic.

华尔街见闻•2026/10/04 03:06