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Sector Update: Consumer Stocks Mixed Late Afternoon
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Sector Update: Consumer Stocks Mixed Late Afternoon
Jun 26, 2025 1:04 PM

03:43 PM EDT, 06/26/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%.

In sector news, President Donald Trump may extend his looming tariff-pause deadline beyond July 9, White House press secretary Karoline Leavitt said Thursday at a briefing, according to media reports. The deadline "is not critical," Leavitt reportedly said.

In corporate news, Rivian Automotive ( RIVN ) has eliminated about 140 jobs, TechCrunch reported Thursday. Rivian shares rose 1.2%.

Splash Beverage ( SBEV/WS ) shares surged 32% after it said Thursday it agreed to buy rights to a spring water source in Costa Rica's Blue Zone region in a deal valued at $20 million.

McCormick ( MKC ) shares jumped 5.2%. The firm reiterated its full-year outlook amid plans to offset costs related to tariffs, while its fiscal Q2 earnings beat market expectations.

JetBlue Airways' ( JBLU ) second-largest investor, Vladimir Galkin, said he may sell his 10% stake in the airline if its cost-cutting efforts and turnaround plan fail to deliver results, Reuters reported Thursday, citing Galkin. JetBlue ( JBLU ) shares were shedding 1%.

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