Sector Update: Consumer Stocks Mixed in Afternoon Trading
MT newswire2026/10/26 17:59Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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01:59 PM EDT, 10/26/2026 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.2%. In corporate news, JetBlue Airways (JBLU) shares fell about 13% amid growing scrutiny over how the US airline plans to shore up its finances, Bloomberg reported. If fuel prices remain high, JetBlue may need to shift from cash-burning to regularly generating cash, Bloomberg Intelligence Analyst George Ferguson was cited as saying. Verizon Communications (VZ) raised its full-year earnings outlook on Monday after reporting an 820% year-over-year surge in Q3 postpaid phone net additions, while the company announced an AI infrastructure deal worth more than $2 billion with Amazon's (AMZN) cloud computing unit. Verizon shares were down nearly 4%. Latvia authorized Tesla's (TSLA) full self-driving (supervised) system, the company said Monday in a post on X. Tesla shares were rising past 6%.
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