Sector Update: Consumer

MT newswire2026/09/08 12:58

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08:58 AM EDT, 09/08/2026 (MT Newswires) -- Consumer stocks were declining premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.7% lower. United Natural Foods (UNFI) shares were up more than 4% after the company reported that it swung to fiscal Q4 adjusted earnings from a loss a year earlier.

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Bessent stated, "When we intervene in the yen, I know exactly what the Japanese, the Bank of Japan, and Japanese policymakers are going to do." With fundamental support from the Bank of Japan's expected 25 basis point rate hike this month, short-sellers will face the dual pressure of policy intervention and an interest rate shift. Analysts believe that Bessent's tough rhetoric serves both as psychological pressure and as an indication that further actions are being prepared.

华尔街见闻•2026/09/09 00:26