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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
Mar 26, 2026 11:16 AM

01:41 PM EDT, 03/26/2026 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.3%.

In corporate news, Olaplex ( OLPX ) shares surged past 50% after the company said it has agreed to be acquired by Germany's Henkel in a roughly $1.4 billion deal.

Tesla (TSLA) said Thursday that it is expected to deliver 365,645 vehicles in Q1, according to a consensus of sell-side analysts it compiled. Its shares were down 2.2%.

Brown-Forman (BF.A, BF.B) is said to be a potential acquisition target of Pernod Ricard, which has held some initial talks with the maker of Jack Daniel's whiskey, Bloomberg reported. Brown-Forman Class A shares jumped 13%, and its Class B shares surged 15%.

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