Sector Update: Consumer Stocks Gain Monday Afternoon

01:32 PM EST, 11/02/2026 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) climbing 2.9%. In corporate news, Marriott International (MAR) on Monday raised its 2026 financial guidance above Wall Street's estimates following higher-than-expected Q3 results, driven by strong revenue per available room, or revPAR. Its shares gained 3.9%. News Corp's (NWS) The Wall Street Journal saw a legal win against US President Donald Trump after a judge dismissed Trump's defamation lawsuit against the news outlet and ruled that it can't be refiled, media outlets reported. News Corp shares rose 2%. Fox (FOXA, FOX) reported better-than-expected fiscal Q1 results Monday as advertising revenue surged, driven by strength from the FIFA Men's World Cup and political campaigning. Fox Class A shares were down 0.1%, and its Class B shares were shedding 0.6%.