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Sector Update: Consumer Stocks Rise in Afternoon Trading
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Sector Update: Consumer Stocks Rise in Afternoon Trading
Mar 23, 2026 11:31 AM

02:02 PM EDT, 03/23/2026 (MT Newswires) -- Consumer stocks rose Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) climbing 2.3%.

In corporate news, Toyota Motor ( TM ) shares rose 2.6% after the company said Monday it plans to invest $1 billion in its operations in Kentucky and Indiana to expand manufacturing and support electrification.

Sen. Adam Schiff (D., Calif.) and Sen. John Curtis (R., Utah) are introducing a bill Monday that would block Kalshi, Polymarket, and other Commodity Futures Trading Commission-regulated firms from listing contracts related to sporting events, The Wall Street Journal reported, citing comments from the legislators. Flutter Entertainment ( FLUT ) shares gained 5.2%, and DraftKings ( DKNG ) rose 2.3%.

WeRide ( WRD ) reported on Monday a narrower net loss in Q4 as revenue jumped from a year ago. Its shares jumped past 10%.

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