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Sector Update: Consumer

Sector Update: Consumer

MT newswireMT newswire2026/11/12 19:20
03:20 PM EST, 11/12/2026 (MT Newswires) -- Consumer stocks fell late Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.6%. In corporate news, General Motors (GM) unveiled two solar generation facilities in Michigan under a $550 million clean-energy project developed by NorthStar Clear Energy. The solar facilities in Branch and St. Clair counties have a combined capacity of 300 megawatts, with 92% allocated to GM. The automaker's stock fell 2.6%.
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The U.S. fiscal deficit in October expanded by 42% year-on-year to $404 billion, with the current fiscal year gap expected to reach $2.2 trillion.

Data released by the U.S. Treasury Department on Thursday showed that, due to increased government spending and decreased tax revenue, the U.S. fiscal deficit reached $404 billions in October, expanding by 42% compared to the same period last year.

智通财经•2026/11/12 22:28
The U.S. fiscal deficit in October expanded by 42% year-on-year to $404 billion, with the current fiscal year gap expected to reach $2.2 trillion.