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Sector Update: Consumer Stocks Mixed Late Afternoon
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Sector Update: Consumer Stocks Mixed Late Afternoon
Apr 2, 2026 1:04 PM

03:51 PM EDT, 04/02/2026 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.7%.

In corporate news, Tesla's (TSLA) Q1 deliveries missed Wall Street's estimates, and Wedbush Securities flagged a challenging demand environment for the EV maker. Tesla shares fell 5.5%.

Ford Motor ( F ) said Thursday its Q1 total sales fell 8.8% from a year-ago period due to a strategic shift to high-margin SUVs and a notably strong performance in the same quarter last year. Ford shares were down 0.7%.

Wingstop ( WING ) shares rose 5% after Piper Sandler upgraded the stock to overweight from neutral.

Bed Bath & Beyond ( BBBY ) has signed definitive agreements to acquire The Container Store, Elfa and Closet Works, CEO Marcus Lemonis said Thursday in a letter to shareholders. Bed Bath & Beyond ( BBBY ) shares shed 0.4%.

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