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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
Jun 26, 2025 11:12 AM

01:55 PM EDT, 06/26/2025 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.9%.

In corporate news, McCormick ( MKC ) shares jumped 5.6%. The firm reiterated its full-year outlook amid plans to offset costs related to tariffs, while its fiscal Q2 earnings beat market expectations.

JetBlue Airways' ( JBLU ) second-largest investor, Vladimir Galkin, said he may sell his 10% stake in the airline if its cost-cutting efforts and turnaround plan fail to deliver results, Reuters reported Thursday, citing Galkin. JetBlue ( JBLU ) shares were down 0.7%.

Omead Afshar, who oversaw Tesla's (TSLA) sales and manufacturing operations in North America and Europe has left the company, Bloomberg reported. Tesla shares were 0.1% higher.

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