Sector Update: Consumer Stocks Decline Late Afternoon

03:52 PM EDT, 09/30/2026 (MT Newswires) -- Consumer stocks fell late Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining 0.2%. In corporate news, Paramount Skydance (PSKY) is set to raise $42.4 billion from investment-grade and high-yield bond offerings to fund its acquisition of Warner Bros. Discovery (WBD), Bloomberg reported. Paramount shares rose 2.5%. Ford (F) CEO Jim Farley said the issue at a supplier that halted some F-150 truck output has been resolved, though it will affect the automaker's Q3 wholesale figures, Reuters reported. Ford shares fell 2.3%. Conagra Brands (CAG) reported an unexpected increase in fiscal Q1 earnings, though volume weakness drove revenue lower. The stock declined 5.2%. Etsy (ETSY) shares rose 4.6% after Payoneer Global (PAYO) renewed its partnership with the company through 2029, extending its role as a payments partner for Etsy sellers across 16 markets in Asia, Europe, South America and the Middle East.