Sector Update: Consumer Stocks Decline Late Afternoon

03:46 PM EDT, 09/08/2026 (MT Newswires) -- Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.8%. In sector news, Canadian tariffs announced after trade talks with the US collapsed last month took effect on Tuesday and range from 15% to 50%, impacting hundreds of US products, including dairy, agricultural equipment, paper, household appliances and electronics. In corporate news, Netflix (NFLX) will report box office grosses for six of its upcoming releases for the first time, Variety reported Tuesday, citing two company insiders. These include "Narnia: The Magician's Nephew," an animated version of "Charlie and the Chocolate Factory", "La Bola Negra," David Fincher's "The Further Mis-Adventures of Cliff Booth," "The Mosquito Bowl" and "Ink," the report said. Netflix shares were down 2%. United Natural Foods (UNFI) swung to stronger-than-expected Q4 earnings and announced a share buyback program on Tuesday, while its full-year outlook fell short of Wall Street's expectations. Its shares rose 1.5%. Investigators said they have yet to determine the cause of Sunday's Amazon (AMZN) cargo plane crash on landing in Miami, news outlets reported Tuesday. The Boeing (BA) 767-300, operated by 21 Air, killed five and injured five others when it struck vehicles after overshooting the runway, the report said. Amazon shares were shedding 0.6%. Ford (F), Stellantis (STLA) and Hyundai Motor are planning extended-range electric vehicles that combine large batteries with gasoline-powered generators to address consumer concerns over EV range, The Wall Street Journal reported Sunday. Ford shares were down 4.3%, and Stellantis shed 2.9%.