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Sector Update: Consumer Stocks Mixed Late Afternoon

Sector Update: Consumer Stocks Mixed Late Afternoon

MT newswireMT newswire2026/10/19 19:49
03:49 PM EDT, 10/19/2026 (MT Newswires) -- Consumer stocks were mixed late Monday 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) rising 1.9%. In corporate news, Unilever (UL) has agreed to sell first-aid and bandage brand Welly Health to Forward Consumer Partners, the companies confirmed Monday. Unilever shares were down 1.6%. Walmart (WMT) is poised to raise at least $6 billion from its sale of US and Canadian dollar bonds, Bloomberg reported. The retail giant has commenced an offering of at least C$4.25 billion ($3 billion) of Canadian notes, as well as a $3 billion offering of US dollar bonds, the report said. Walmart shares were fractionally higher. Silgan (SLGN) and American Industrial Partners will acquire Dutch metal packaging products manufacturer Trivium Packaging, creating a $7.3 billion global metal packaging supplier for the food and beverage markets. Silgan shares jumped 6%. Tesla (TSLA) said in a regulatory filing that it has nominated Elon Musk, Robyn Denholm and JB Straubel for a re-election to the board at its Dec. 3 annual meeting. The filing showed Musk's total compensation for 2025 was about $158.4 billion. Tesla shares rose 4%.
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