Sector Update: Consumer

MT newswire2026/09/24 19:26

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03:26 PM EDT, 09/24/2026 (MT Newswires) -- Consumer stocks were lower late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) easing 0.3%. In corporate news, Sony (SONY), the New York Times (NYT) and film studio A24 have expressed interest in Letterboxd, with the social network for movie fans valued at more than $300 million, the New York Times reported. Canadian company Tiny, which owns a controlling stake in Letterboxd, hired LionTree to explore a sale this year, the report said. Sony shares were down 1.1%, and New York Times added 2.3%.

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A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46