financetom
Market
financetom
/
Market
/
Sector Update: Consumer Stocks Mixed Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Mixed Late Afternoon
Mar 27, 2026 1:14 PM

03:57 PM EDT, 03/27/2026 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 2.8%.

In corporate news, Netflix ( NFLX ) could see a meaningful boost to revenue after raising subscription prices in several markets, Oppenheimer said in a note. Netflix ( NFLX ) shares eased 0.1%.

Versant Media ( VSNT ) is considering an acquisition of Vox Media's podcast network, The New York Times reported Friday. Versant shares were down 2.6%.

Unilever's ( UL ) food business potentially combining with McCormick ( MKC ) would offer Unilever ( UL ) shareholders a majority stake in the new entity and tax benefits, Reuters reported Friday. The proposed deal would involve Unilever ( UL ) spinning off its food business before selling it to McCormick ( MKC ), the report said. Unilever ( UL ) shares were down 0.7%, and McCormick ( MKC ) rose 2.5%.

Rivian Automotive ( RIVN ) secured another $1 billion investment from Volkswagen after completing winter testing for the VW ID EVERY1, the first vehicle in their joint venture to use Rivian's software and electrical architecture, TechCrunch reported. Rivian shares were down 2.7%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stocks Gain Pre-Bell Amid Trump's Greenland Tariff Reversal; Investors Await Inflation Data
Stocks Gain Pre-Bell Amid Trump's Greenland Tariff Reversal; Investors Await Inflation Data
Mar 11, 2026
07:30 AM EST, 01/22/2026 (MT Newswires) -- US equity markets were tracking higher in Thursday's premarket activity after President Donald Trump called off his tariff threats against several European nations over Greenland, while traders await delayed inflation reports for October and November. The S&P 500 rose 0.6%, the Dow Jones Industrial Average gained 0.4% and the Nasdaq added 0.9% before...
US STOCKS-Wall St futures rise further on Greenland relief; data in focus
US STOCKS-Wall St futures rise further on Greenland relief; data in focus
Mar 11, 2026
* Futures up: Dow 0.25%, S&P 500 0.47%, Nasdaq 0.75% * McCormick ( MKC ) forecasts weak annual profit on tariffs * Procter & Gamble ( PG ) Q2 revenue is a touch shy of estimates * November PCE figures due at 10:00 a.m ET (Updates with prices) By Sruthi Shankar and Pranav Kashyap Jan 22 (Reuters) - U.S. stock...
TREASURIES-US yields rise as markets brace for volatility, await Greenland details
TREASURIES-US yields rise as markets brace for volatility, await Greenland details
Mar 11, 2026
* Trump says US will have total, permanent access to Greenland * Even with Greenland deal, caution persists -strategist * US data mixed, inflation benign, but little rates reaction * US yield curve continues to flatten, as tariff risk off for now By Gertrude Chavez-Dreyfuss NEW YORK, Jan 22 (Reuters) - U.S. Treasury yields rose on Thursday, but remained confined...
US STOCKS-Wall Street finishes up as investors buoyed by tariff relief, upbeat data
US STOCKS-Wall Street finishes up as investors buoyed by tariff relief, upbeat data
Mar 11, 2026
* Second day of gains after Trump's Greenland tariff u-turn * Indexes up: Dow 0.63%, S&P 500 0.55%, Nasdaq 0.91% * Procter & Gamble ( PG ) gains after earnings * Abbott has biggest daily drop since 2002 on weak outlook (Adds closing prices, volumes) By David French Jan 22 (Reuters) - Wall Street's main indexes finished higher on Thursday,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved