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Sector Update: Consumer

Jun 26, 2025 12:35 PM

03:26 PM EDT, 06/26/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

In sector news, President Donald Trump may extend his looming tariff-pause deadline beyond July 9, White House press secretary Karoline Leavitt said Thursday at a briefing, according to media reports. The deadline "is not critical," Leavitt reportedly said.

In corporate news, Rivian Automotive ( RIVN ) has eliminated about 140 jobs, TechCrunch reported Thursday. Rivian shares rose 1.1%.

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