Sector Update: Consumer

Sector Update: Consumer

MT newswire

MT newswire2026/11/04 17:24

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01:24 PM EST, 11/04/2026 (MT Newswires) -- Consumer stocks were higher Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 3.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 4.7%. In corporate news, McDonald's (MCD) reported Q3 earnings and comparable sales growth above market expectations on Wednesday, while its US same-store sales turned positive in September amid the fast-food giant's focus on value-driven initiatives. Its shares rose 5.7%.

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