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Sector Update: Consumer Stocks Softer Monday Afternoon
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Sector Update: Consumer Stocks Softer Monday Afternoon
Aug 10, 2026 11:04 AM

01:47 PM EDT, 08/10/2026 (MT Newswires) -- Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.5%.

In corporate news, GameStop ( GME ) Chief Executive Ryan Cohen is considering pulling the company's $56 billion bid for eBay ( EBAY ) , Bloomberg reported Monday. Cohen is instead weighing a proposal for a joint venture or partnership that would let eBay ( EBAY ) leverage GameStop's ( GME ) roughly 1,600 US retail locations, the report said. GameStop ( GME ) shares were down 0.8%, and eBay ( EBAY ) fell 3.2%.

Imax ( IMAX ) said Monday that "The Odyssey" is now the highest grossing IMAX ( IMAX ) release of all time with $289 million in ticket sales in less than a month. The film has taken in a total of $147 million in IMAX ( IMAX ) in North America during the period, the company said. Imax ( IMAX ) shares gained 4.7%.

Sony ( SONY ) and Taiwan Semiconductor Manufacturing (TSM) are in talks to invest a total of 1 trillion Japanese yen ($6.31 billion) on a planned image sensor factory in Japan, news outlets reported Monday. Sony ( SONY ) shares added 1.7%.

About 18,000 boxes of Diageo ( DEO ) liquor bottles were seized by Indian inspectors for allegedly lacking mandatory markings indicating they were made from food-grade recycled plastic, Reuters reported Monday, citing government sources. Separately, Diageo ( DEO ) received a warning from India's food safety regulator regarding misleading claims that one of its popular whiskies was aged in American oak casks, Reuters reported Saturday, citing a confidential government notice. Diageo ( DEO ) shares were up 0.2%.

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