Sector Update: Consumer Stocks Decline Thursday Afternoon

01:24 PM EST, 11/05/2026 (MT Newswires) -- Consumer stocks were lower Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 3.9%. In corporate news, Albertsons (ACI) must pay Washington state $900 million for helping fuel the opioid epidemic by failing to prevent misuse of addictive painkillers through its pharmacies, Reuters reported Thursday, citing a ruling by King County Superior Court Judge Janet Helson. Albertsons shares were down 4%. Wendy's (WEN) said Thursday that it rejected an acquisition proposal from an investor group as the fast-food restaurant chain launched a multiyear strategy to grow customer traffic. Wendy's shares rose 0.9%. Kimberly-Clark (KMB) reported Q3 earnings ahead of Wall Street's estimates despite a volatile macroeconomic environment, while the consumer goods company's revenue came in line with expectations. Its shares were up 1.4%.