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Sector Update: Consumer Stocks Mixed Friday Afternoon

Sector Update: Consumer Stocks Mixed Friday Afternoon

MT newswireMT newswire2026/10/16 17:48
01:48 PM EDT, 10/16/2026 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 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. Separately, Tesla Vice President of Energy and Charging Mike Snyder has stepped down, The Wall Street Journal reported late Thursday. AJ Booth, senior director of energy products engineering, succeeded Snyder, according to the report. Tesla shares were down 2.3%. Kimberly-Clark (KMB) is holding investor calls on Friday ahead of a potential bond sale as it nears the completion of its acquisition of Kenvue (KVUE), Bloomberg reported. Kimberly-Clark shares rose 0.8%. Yum! Brands' (YUM) KFC US said it will serve Coca-Cola (KO) products at its US locations starting January 2027, under a new partnership with the beverage company. Coca-Cola shares added 1.3%, and Yum! Brands was shedding 0.5%.
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