03:46 PM EDT, 10/10/2024 (MT Newswires) -- Consumer stocks were declining late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.5%.

In corporate news, Walt Disney ( DIS ) said Thursday it was assessing the impact of Hurricane Milton to prepare for the reopening of its theme parks, Disney Springs, and possibly other areas on Friday. Disney ( DIS ) shares were off by 0.9%.

Alibaba's ( BABA ) Lazada online shopping platform is trying to attract top European fashion and design brands to its recently launched LazMall Luxury in a bid to stay ahead of the competition and achieve $100 billion in e-commerce volume by 2030, Bloomberg reported. Alibaba ( BABA ) shares rose 1.4%.

Amazon.com ( AMZN ) said Thursday that Prime Big Deal Days was its biggest-ever October shopping event, with more Prime members shopping than last year. Amazon ( AMZN ) shares added 0.7%.

Delta Air Lines ( DAL ) issued a weak Q4 earnings outlook amid expectations for subdued travel demand around the US Presidential elections in November. The air carrier's bottom line fell short of market estimates in the prior three-month period while revenue beat Wall Street forecasts. Delta shares were falling 2.2%.