03:24 PM EST, 02/09/2026 (MT Newswires) -- Consumer stocks fell late Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) easing 0.2%.

In corporate news, Nike's ( NKE ) Converse ( NKE ) unit instructed employees to work remotely this week as the brand implements structural changes, including job cuts, Bloomberg reported, citing a company memo. Nike ( NKE ) shares fell 2%.