Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Sector Update: Consumer Stocks Mixed Monday Afternoon

Sector Update: Consumer Stocks Mixed Monday Afternoon

MT newswireMT newswire2026/10/12 17:40
01:40 PM EDT, 10/12/2026 (MT Newswires) -- Consumer stocks were mixed Monday 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 0.5%. In corporate news, Starbucks (SBUX) told MT Newswires it is not buying Chipotle Mexican Grill (CMG), refuting reporting from last week. Starbucks shares rose 1.6%, and Chipotle fell 4.7%. Delta Air Lines (DAL) said Monday it is delaying the planned launch of nonstop flights between Atlanta and Riyadh, Saudi Arabia, until March 2027 due to safety and security concerns. Delta shares were down 1.5%. The US National Highway Traffic Safety Administration has opened an investigation into Tesla (TSLA) over claims that its driverless taxis have exceeded posted speed limits in active school zones, according to a document on the NHTSA website. Tesla shares were down 0.9%. Stellantis (STLA) CEO Antonio Filosa said the notion of separating the company's European and US brands is "not plausible at all," Bloomberg reported, citing an interview with the CEO. Stellantis shares were shedding 1%.
0
0

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!

You may also like

$6 billion acquisition! Medical giant Bausch Health plans to take a controlling stake in Surgery Partners (SGRY.US)

Boston Consulting Group plans to acquire a controlling stake in Surgery Partners for approximately $6 billions, at $20 per share; Bain Capital will retain a 40% stake, and the deal could be announced as early as Monday.

智通财经•2026/10/25 23:41
$6 billion acquisition! Medical giant Bausch Health plans to take a controlling stake in Surgery Partners (SGRY.US)

$40 billion spent on GPUs! Elon Musk says SpaceX (SPCX.US) off-balance-sheet financing is settled, slams "new cloud" sector will be a bloodbath

Elon Musk stated that SpaceX has completed a $40 billions debt transaction to purchase chips in support of its artificial intelligence (AI) initiatives.

智通财经•2026/10/25 23:06
$40 billion spent on GPUs! Elon Musk says SpaceX (SPCX.US) off-balance-sheet financing is settled, slams "new cloud" sector will be a bloodbath