Sector Update: Consumer

MT newswire2026/10/16 17:19

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01:19 PM EDT, 10/16/2026 (MT Newswires) -- Consumer stocks were mixed Friday 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 0.9%. 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. Its shares were down 2.8%.

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A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46