Sector Update: Consumer
MT newswire2026/10/23 19:36Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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03:36 PM EDT, 10/23/2026 (MT Newswires) -- Consumer stocks were lower late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 1.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.6%. In corporate news, Midera Food Processing (MFP) shares rose 1.7% after it said Friday that it has acquired Phoenix Innovations, a designer and maker of poultry processing equipment.
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