Sector Update: Consumer Stocks Rise Late Afternoon

MT newswire2026/10/02 19:44

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03:44 PM EDT, 10/02/2026 (MT Newswires) -- Consumer stocks were higher late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.3%. In corporate news, Tesla's (TSLA) shares rose past 5% after it reported Q3 deliveries above Wall Street's expectations, even as analysts pointed to investor focus shifting away from traditional vehicle sales to AI projects. Ford Motor (F) said Friday that its Q3 US vehicle sales declined year over year, reflecting the planned phase-out of two of its sport utility vehicles as the automaker faced a supplier disruption affecting F-150 production. Its shares were down 1.3%. Nike (NKE) shares fell 3.5% after it forecast a fiscal 2027 revenue decline and unveiled a plan to transform its operating model. Paramount Skydance (PSKY) plans to change its name to Skydance Corp., effective Tuesday, and its Class B share ticker to "SKYD" from "PSKY," the company said Friday in a regulatory filing. The company previously announced its plan to transfer its Class B share listing from Nasdaq to the New York Stock Exchange, expected to be effective by Tuesday. The company's shares were down 1%.

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Apple is planning to hold its second product launch event of the month around October 27, where it will introduce its first-ever touchscreen MacBook Pro (featuring an OLED display and the “Dynamic Island” interface), a new iPad mini (also upgraded with OLED and a repositioned camera), as well as a 14-inch MacBook Pro and iMac powered by the M6 chip. These are the first major products overseen by the new CEO, John Ternus.

华尔街见闻•2026/10/09 01:01

BUZZ - Driven by active trading, the Australian Securities Exchange (ASX) is on track for its best week in two months

October 9 – The stock price of ASX ASX.AX, the operator of the Australian Securities Exchange, has risen more than 3.8% so far this week, on track for its best weekly performance since early August. On Thursday, Citi raised its annual earnings per share (EPS) forecast for ASX by 2%, citing continued strong trading activity. On Friday, the stock was up as much as 0.3% to 60.79 AUD. Citi also holds a positive view of ASX’s new CEO, Anthony Attia, agreeing with his approach of bringing in external talent and modernizing technology. Including the latest gain, the stock is up 18% year-to-date. (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. Since automated translations may contain errors or lack context, Reuters does not guarantee the accuracy of the translation. The automated translation is provided solely for the convenience of readers, and Reuters accepts no liability for any damage or loss arising from the use of the automated translation.)

路透社•2026/10/09 00:56

Goldman Sachs upgrades Palantir (PLTR.US) to "Buy" with a price target of $230, optimistic about AI growth continuing through 2027.

Goldman Sachs has upgraded enterprise software company Palantir from "Neutral" to "Buy," citing the company's recent underperformance in stock price and increased valuation attractiveness.

智通财经•2026/10/09 00:46

Today's Fear and Greed Index drops to 59, indicating the market is in a "Greed" state.

ForesightNews•2026/10/09 00:33