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Sector Update: Consumer Stocks Rise Late Afternoon
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Sector Update: Consumer Stocks Rise Late Afternoon
Mar 10, 2026 10:31 PM

03:40 PM EST, 12/15/2025 (MT Newswires) -- Consumer stocks were increasing late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.2%.

In corporate news, Uber ( UBER ) faces an amended complaint from the Federal Trade Commission, now joined by with 21 states and the District of Columbia, over alleged unfair billing and cancellation practices. Uber ( UBER ) shares fell 3.9%.

Tesla (TSLA) signed a framework agreement with energy and communications services firm SPIE for the installation of its Megapack battery energy storage systems in Europe, according to a SPIE statement. Tesla shares gained 4.1%.

Ford Motor ( F ) is shifting its electric vehicle production strategy by repurposing a Kentucky battery plant to make cells for energy storage systems that support the electric grid, as US EV sales decline, Bloomberg reported. Ford shares were down 0.6%.

IRobot ( IRBT ) shares tumbled 72% after the Roomba robot vacuum maker filed for bankruptcy protection and agreed to be acquired by its primary contract manufacturer.

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