Sector Update: Consumer

MT newswire2026/10/06 19:31

03:31 PM EDT, 10/06/2026 (MT Newswires) -- Consumer stocks were higher late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1%. In corporate news, McDonald's (MCD) franchisees are facing at least $800,000 per location in upgrade costs under the company's new multiyear plan, Bloomberg reported. Some franchise owners are balking the cost of the new initiative and have raised concerns about the expense and lack of details in recent meetings, the report said. McDonald's shares were down 0.3%.

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