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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 9, 2025 12:52 PM

03:41 PM EDT, 09/09/2025 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.2%.

Redbook US same-store sales last week rose by 6.6% from a year earlier after a 6.5% increase in the previous week.

In corporate news, Tesla (TSLA) is in early talks with San Francisco, San Jose and Oakland airports for approval to provide passenger pick-ups and drop-offs via its ride-hailing service, Politico reported. Tesla shares were little changed.

TKO Group Holdings ( TKO ) shares fell 2.4% after Seaport downgraded the stock to neutral from buy and withdrew its price target of $200.

Fox (FOX, FOXA) said late Monday that the trustees and beneficiaries of the Murdoch Family Trust reached a mutual settlement, ending legal proceedings in Nevada and establishing new trusts that transfer full control of the company's media holdings to Rupert Murdoch's oldest son, Lachlan. Fox shares fell 5.7%.

Amazon ( AMZN ) acquired a stake in Colombian delivery startup Rappi, intensifying competition with regional e-commerce leader MercadoLibre ( MELI ) , Bloomberg reported late Monday. Amazon ( AMZN ) shares rose 1%, and MercadoLibre ( MELI ) gained 0.7%.

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