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Sector Update: Consumer Stocks Decline Late Afternoon
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Sector Update: Consumer Stocks Decline Late Afternoon
Sep 10, 2025 1:13 PM

03:54 PM EDT, 09/10/2025 (MT Newswires) -- Consumer stocks were lower late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 1.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.4%.

In corporate news, Amazon.com's ( AMZN ) autonomous vehicle unit Zoox announced Wednesday it has launched its robotaxi service in Las Vegas. Amazon ( AMZN ) shares were down 3.8%.

Delta Air Lines ( DAL ) Chief Executive Ed Bastian said customer confidence has bounced back after earlier concerns over tariffs and economic uncertainty caused a slowdown, especially in the spring, Bloomberg reported, citing his comments at the Economic Club of Washington. Delta shares rose 0.6%.

Lennar ( LEN ) is expected to report fiscal Q3 earnings below market estimates due to soft demand trends, while the homebuilder's long-term margins are likely to face incremental headwinds, Oppenheimer said in a note Wednesday. Lennar ( LEN ) shares were down 0.7%.

Stride (LRN) shares fell over 4% after the Gallup-McKinley County Schools Board of Education in New Mexico said it has filed a complaint against the education provider, alleging fraud, deceptive trade practices, and systemic violations of law.

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