Sector Update: Consumer

MT newswire2026/10/05 19:16

03:16 PM EDT, 10/05/2026 (MT Newswires) -- Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.7%. In corporate news, Neighborhood Intelligence (NXH) said Monday it has agreed to sell nearly 16.5 million shares at $2.76 per share, or pre-funded warrant in lieu, in a registered direct offering. The company, previously known as Bed Bath & Beyond, said that in addition it will issue warrants to buy up to about 16.1 million shares. Separately, Neighborhood Intelligence and Fathom's (FTHM) boards have mutually agreed to terminate their planned merger, the company said. Neighborhood Intelligence shares fell 25%.

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