Sector Update: Consumer

03:21 PM EST, 11/05/2026 (MT Newswires) -- Consumer stocks were lower late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 4%. In corporate news, General Mills (GIS) is considering separating its Haagen-Dazs ice-cream business outside North America, The Wall Street Journal reported. General Mills shares were up 1.1%.