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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%.
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