03:35 PM EDT, 10/09/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.5%.
In corporate news, Tesla (TSLA) Chief Executive Elon Musk is set to earn "tens of billions" of dollars even if he doesn't achieve most of the goals in the executive pay package proposed by the carmaker's board, Reuters reported Thursday, citing its own analysis of Musk's performance goals, executive pay experts, company valuations, robotics and automotive trends. Tesla shares were down 0.7%.
Fox (FOX) acquired an equity stake in vertical video company Holywater for an undisclosed amount and valuation, news outlets reported Thursday. Fox Entertainment Studios will create and produce over 200 vertical video titles for Holywater's My Drama platform, Deadline said. Fox shares fell 1.5%.
Delta Air Lines ( DAL ) issued an upbeat Q4 earnings outlook on Thursday amid improving sales trends, while the air carrier's results in the prior three-month period topped market estimates. Its shares climbed 3.7%.
PepsiCo ( PEP ) issued an improved full-year earnings outlook on Thursday amid easing forex headwinds, while the beverage and snacks giant reported better-than-expected fiscal Q3 results. Its shares added 3.6%.
Ford (F) will pause production at its plant in Dearborn, Michigan next week, Reuters reported. The pause is related to a fire at a supplier's New York aluminum factory on Sept. 16, a union official said, according to the report. The fire is expected to disrupt production of Ford's F-150 vehicles for months and potentially result in a $1 billion impact to its bottom line, according to an analyst estimate, the report said. Ford shares retreated 2%.