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Sector Update: Consumer Stocks Mixed in Afternoon Trading

Sector Update: Consumer Stocks Mixed in Afternoon Trading

MT newswireMT newswire2026/10/19 17:46
01:46 PM EDT, 10/19/2026 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.7%. In corporate news, Walmart (WMT) is seeking to raise at least $2.5 billion through a US dollar bond sale and considering a debut Canadian-dollar bond offering of at least CA$3.5 billion ($2.5 billion), Bloomberg reported. Walmart shares were flat. Silgan (SLGN) and American Industrial Partners will acquire Dutch metal packaging products manufacturer Trivium Packaging, creating a $7.3 billion global metal packaging supplier for the food and beverage markets. Shares jumped 8%. Tesla (TSLA) said in a regulatory filing that it has nominated Elon Musk, Robyn Denholm and JB Straubel for a re-election to the board at its Dec. 3 annual meeting. The filing showed Musk's total compensation for 2025 was about $158.4 billion. Tesla shares rose 3.7%.
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