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Sector Update: Consumer Stocks Advance in Afternoon Trading
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Sector Update: Consumer Stocks Advance in Afternoon Trading
Apr 6, 2026 11:22 AM

02:02 PM EDT, 04/06/2026 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) gaining 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.

In corporate news, AMC Entertainment ( AMC ) shares jumped 13% after the firm reported Monday its highest combined global admissions and food and beverage revenue ever for the Easter holiday frame, with more than 6 million guests attending its US theaters and international Odeon cinema locations between April 1 and April 5.

McDonald's (MCD) is likely set-up for same-store sales growth upside this year, buoyed by its value strategy and an upcoming beverage platform, Oppenheimer said in a note. McDonald's shares rose 0.7%.

VinFast Auto ( VFS ) shares increased 1.5% after the firm said it received more than 135,000 orders for electric scooters from dealers and shipped more than 93,000 e-scooters to dealers in Vietnam in March.

Tesla (TSLA) vehicles were cleared by the US National Highway Traffic Safety Administration, which said it closed a preliminary probe into crashes involving the "Actually Smart Summon" feature, citing low incident frequency and severity. Tesla shares were down 3.5%.

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