Sector Update: Consumer Stocks Rise Late Afternoon

03:46 PM EST, 11/09/2026 (MT Newswires) -- Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 3.4%. In corporate news, Jersey Mike's Subs (JMKE) shares climbed 2.7% after it said Monday that it opened its first location in the UK in London, marking its entry into Europe. PepsiCo (PEP) is cutting about 1,000 jobs in its food and beverage division to streamline operations, The Wall Street Journal reported, citing a letter from PepsiCo North America Chief Executive Ram Krishnan to employees that it viewed. PepsiCo shares were up 0.5%. Walt Disney's (DIS) Disney+ plans to focus on uploading more vertical video clips, adding creator content and introducing a free tier in 2027, Business Insider reported, citing screenshots of an internal presentation it viewed. Disney shares rose 2.1%. Honda Motor (HMC) plans to invest $3 billion in a new auto factory in Ohio and operation expansion at other US facilities. Honda shares were up 0.4%.