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Sector Update: Consumer Stocks Decline Tuesday Afternoon
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Sector Update: Consumer Stocks Decline Tuesday Afternoon
Jul 14, 2026 10:54 AM

01:38 PM EDT, 07/14/2026 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.

Redbook US same-store sales rose by 8.2% from a year earlier in the week ended July 11 after an 11.5% year-over-year increase in the previous week. "Discounts continue to drive sales performance and often vary weekly based on store promotions and product availability," Redbook said.

In corporate news, Uber ( UBER ) is in advanced talks with Delivery Hero regarding a potential takeover of the German food-delivery company, Delivery Hero said on Tuesday. Uber ( UBER ) shares were down 2%.

Thomson Reuters ( TMSOF ) said Tuesday it has agreed to sell a 51% stake in its global print unit to KKR (KKR) for roughly $500 million in a joint venture transaction expected to close in Q4. Thomson Reuters ( TMSOF ) shares were shedding 1%.

TaskUs ( TASK ) shares climbed 4.4% after investment management firm Dalton Investments disclosed in a regulatory filing that it owned around 2.1 million shares in the company, or about 5.8% of the outstanding shares.

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