Sector Update: Consumer

01:23 PM EDT, 10/23/2026 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 2.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.6%. In corporate news, Deckers Outdoor's (DECK) sales guidance cut amid an increasingly promotional US marketplace has fueled growth durability concerns, though a strong margin outlook shows its commitment to full-priced selling, Truist Securities said in a note. Deckers shares were down 4.8%.