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Sector Update: Consumer

Sector Update: Consumer

MT newswireMT newswire2026/10/16 17:19
01:19 PM EDT, 10/16/2026 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.9%. In corporate news, Tesla (TSLA) on Friday unveiled its new Roadster capable of flight using cold-gas thrusters and showed the car reach 60 miles per hour from a standstill in under one second. Its shares were down 2.8%.
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