Sector Update: Consumer

01:30 PM EDT, 09/01/2026 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.6%. In corporate news, WPP (WPP) plans to eliminate as many as 1,000 additional jobs by the end of 2026 as part of a restructuring to cut costs, the Financial Times reported. Shares were down 3%.