03:42 PM EST, 01/29/2026 (MT Newswires) -- Consumer stocks were lower late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.5%.

In corporate news, Tesla's (TSLA) wind-down of Model X and S electric vehicles next quarter represents a shift into physical AI that could lead to an estimated cash burn of $8.1 billion in 2026, Morgan Stanley said in a note. Morgan Stanley lowered Tesla's price target to $415 from $425, while keeping the company's equal weight rating. Tesla shares were down 3.6%.

Southwest Airlines ( LUV ) shares jumped past 19%, a day after the company issued 2026 adjusted earnings guidance that beat market estimates.

Nvidia (NVDA) and Uber ( UBER ) are collaborating with Mercedes-Benz to establish a robotaxi network using its S-Class vehicles, Mercedes-Benz said Thursday. Uber ( UBER ) shares rose 2.3%.

Royal Caribbean (RCL) shares surged past 19% after the cruise operator guided profit and sales for the current year above Wall Street's estimates.