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Sector Update: Consumer Stocks Rise Late Afternoon
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Sector Update: Consumer Stocks Rise Late Afternoon
Apr 14, 2026 1:26 PM

03:54 PM EDT, 04/14/2026 (MT Newswires) -- Consumer stocks rose late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing 2.2%.

In sector news, Redbook US same-store sales rose 7% from a year earlier in the week ended April 11 after a 7.6% year-over-year increase in the previous week.

In corporate news, Ford (F) has a "credible" path to delivering 2027 EPS of above $2, with a march towards $3 beyond 2027, UBS Securities said in a note. UBS upgraded Ford to buy from neutral, with a $15 price target. Ford shares climbed up 4.7%.

Walt Disney ( DIS ) will eliminate around 1,000 jobs, including positions in marketing, studio and television units, and certain corporate functions, Reuters reported. Disney ( DIS ) shares rose 1.5%.

FedEx ( FDX ) said its finance chief will step down in early June as the parcel delivery giant completes the spinoff of its freight business into a new publicly listed company. FedEx ( FDX ) fell 0.8%.

United Airlines (UAL) Chief Executive Scott Kirby proposed a potential combination with American Airlines ( AAL ) during a late February meeting with President Donald Trump, Reuters reported Monday. A consolidated carrier would be more competitive globally, aligning with the administration's focus on international trade deficits, the news outlet quoted Kirby as saying. United shares rose 2.3%, and American jumped past 8%.

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