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Sector Update: Consumer

Sector Update: Consumer

MT newswireMT newswire2026/10/29 12:58
08:58 AM EDT, 10/29/2026 (MT Newswires) -- Consumer stocks were advancing premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.8% higher. DoorDash (DASH) shares were up more than 7% after the company reported higher Q3 net income and revenue. Separately, DoorDash signed a definitive deal to acquire Maplebear (CART), also known as Instacart, for $65 per Instacart share, or an equity value of about $17 billion.
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