Sector Update: Consumer Stocks Advance in Afternoon Trading

MT newswire2026/10/05 17:43

01:43 PM EDT, 10/05/2026 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.5%. In corporate news, Walmart (WMT) and Alphabet (GOOGL) unit Wing plan to expand their drone delivery service to the Denver and Seattle metropolitan areas in 2027. The additions will bring the service to nearly 20 US metro areas with plans to reach more than 270 Walmart stores nationwide, Wing said Monday. Walmart shares rose 0.5%. Paramount Skydance (PSKY) Chairman and Chief Executive David Ellison will be chairman and CEO of the combined company following the anticipated close of Paramount's acquisition of Warner Bros. Discovery (WBD), Paramount said. Paramount shares were up 1.7%, and Warner increased 0.1%. Disney (DIS) has agreed to license a number of movie and television titles to Netflix (NFLX), news outlets reported Friday. The titles include all five "Ice Age" movies, "Percy Jackson and the Olympians," "Felicity," "Will Trent," and "Elio," reported Variety, which first disclosed the licensing deal. Disney shares were adding 0.5%, and Netflix was shedding 0.4%.

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