Sector Update: Consumer Stocks Mixed in Afternoon Trading

01:41 PM EDT, 10/22/2026 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 2.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.4%. In corporate news, Tesla (TSLA) reported better-than-expected Q3 adjusted earnings, while revenue slipped due to weakness in the automotive and energy generation divisions. Tesla shares were down 2.2%. Procter & Gamble (PG) lifted its full-year sales growth outlook to reflect an acquisition, while the consumer goods giant's fiscal Q1 earnings unexpectedly increased year over year. Its shares climbed nearly 6%. Spotify (SPOT) projected strong Q4 revenue, while the company said it is counting on its AI investments to sustain its growth momentum. Its shares jumped nearly 10%.