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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
Sep 8, 2025 1:38 PM

04:11 PM EDT, 09/08/2025 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%.

In corporate news, Canada Goose (GOOS) shares jumped past 12% after TD Cowen upgraded the stock to buy from hold.

Tesla's (TSLA) share of total electric vehicle sales in the US in August has fallen to 38% in August, the first time its market share has dropped below 40% since October 2017, Reuters reported, citing early data from research firm Cox Automotive. Tesla shares were down 1.2%.

Comcast ( CMCSA ) faces increasing competition from fiber and fixed wireless access providers, eroding prospects for improving subscriber metrics and market share, RBC Capital Markets said in a report, starting coverage of the stock with a sector perform rating. Comcast ( CMCSA ) shares were fractionally lower.

Anheuser-Busch (BUD) said Monday it will invest $9.2 million to upgrade its Cartersville, Georgia, brewery to expand production of its Michelob Ultra beer brand. Its shares were shedding 1.5%.

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