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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
May 21, 2026 11:16 AM

01:54 PM EDT, 05/21/2026 (MT Newswires) -- Consumer stocks were mixed Thursday 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) increasing 1%.

In corporate news, Walmart ( WMT ) issued a fiscal Q2 earnings outlook below market estimates on Thursday, while the retail giant reported better-than-expected revenue in the previous three-month period. Its shares fell 6.9%.

Ralph Lauren ( RL ) outlined a full-year revenue guidance that implied a slowdown annually, while the luxury apparel maker reported better-than-expected fiscal Q4 results. Its shares jumped past 15%.

Advance Auto Parts ( AAP ) cautioned that demand for auto parts and vehicle maintenance could fluctuate amid high gasoline prices, while the company's Q1 results came in stronger than expected. Advance Auto shares rose more than 18%.

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