Sector Update: Consumer Stocks Rise Late Afternoon

03:57 PM EDT, 10/29/2026 (MT Newswires) -- Consumer stocks were higher late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.8%. In corporate news, DoorDash (DASH) has agreed to buy Maplebear (CART), which does business as Instacart, in a roughly $17 billion deal to strengthen its grocery delivery business, while the food delivery company reported stronger-than-expected Q3 results. DoorDash shares gained 6.5%, and Instacart fell 1.9%. Crocs (CROX) shares surged 25% after it reported Q3 adjusted earnings and revenue Thursday that rose year on year and beat analyst estimates. Crocs also raised its full-year revenue-growth outlook to about 3% from the previous guidance of 1% to 2%. General Motors (GM) agreed to pay $220 million to settle allegations that it illegally sold consumers' driving behavior and location data to third parties, including data brokers that resold the information to insurance companies, attorneys general in Washington and Oregon said Thursday. GM shares were up 3.6%. Restaurant Brands International (QSR) shares fell 1.6% after it reported Q3 results. The company posted quarterly adjusted earnings of $1.10 per diluted share, up from $1.03 a year earlier. Analysts polled by FactSet expected $1.08. Revenue was $2.53 billion, up from $2.45 billion a year earlier. Analysts expected $2.55 billion.