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Sector Update: Consumer

Sector Update: Consumer

MT newswireMT newswire2026/09/23 17:00
01:00 PM EDT, 09/23/2026 (MT Newswires) -- Consumer stocks were lower Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.5%. In corporate news, McDonald's (MCD) said Wednesday it will provide $8.5 billion in support to franchisees through 2036 to accelerate restaurant modernization, technology deployment, and operational improvements. Its shares fell past 6%.
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