Sector Update: Consumer

03:25 PM EDT, 10/21/2026 (MT Newswires) -- Consumer stocks were lower late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.2%. In corporate news, AT&T (T) shares fell past 5%. The company raised its full-year earnings outlook following stronger-than-expected Q3 results, but its postpaid phone subscriber growth missed projections.