Sector Update: Consumer Stocks Advance Premarket Friday

MT newswire2026/10/16 13:07

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09:07 AM EDT, 10/16/2026 (MT Newswires) -- Consumer stocks were advancing premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.4% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.7%. Yum! Brands' (YUM) KFC US said it will serve Coca-Cola (KO) products at its US locations starting January 2027, under a new partnership with the beverage company. Coca-Cola stock was nearly 1% higher pre-bell. Nike (NKE) and FC Barcelona launched an 11-piece clothing collection with musician Tyler, The Creator, combining the football club's look with the artist's GOLF WANG brand ahead of El Clasico on Oct. 25. Shares of Nike were up more than 1% pre-bell.

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A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46