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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
Sep 8, 2025 11:07 AM

01:54 PM EDT, 09/08/2025 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%.

In corporate news, Tesla's (TSLA) share of total electric vehicle sales in the US in August has fallen to 38% in August, the first time its market share has dropped below 40% since October 2017, Reuters reported, citing early data from research firm Cox Automotive. Tesla shares were down 1.1%.

Stellantis ( STLA ) will no longer aim to produce only electric vehicles by 2030, Reuters reported Monday, citing Jean-Philippe Imparato, the company's head of enlarged Europe. Shares were 1.6% lower.

Philip Morris ( PM ) , Altria ( MO ) , British American Tobacco ( BTI ) , and Turning Point Brands' ( TPB ) applications for nicotine pouches will be fast-tracked on a pilot basis by the US Food and Drug Administration starting Monday, Reuters reported. Philip Morris ( PM ), Altria ( MO ), and Turning Point shares were down 0.3%, 1.4%, and 1.6%, respectively, while British American Tobacco ( BTI ) was adding 0.2%.

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