Sector Update: Consumer Stocks Gain Late Afternoon

03:54 PM EST, 11/02/2026 (MT Newswires) -- Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) climbing 2.3%. In corporate news, Clorox (CLX) shares rose 2.3% after Evercore ISI upgraded the stock to inline from underperform, with a price target of $99 per share. Marriott International (MAR) on Monday raised its 2026 financial guidance above Wall Street's estimates following higher-than-expected Q3 results, driven by strong revenue per available room, or revPAR. Its shares gained 4.1%. News Corp's (NWS) The Wall Street Journal saw a legal win against US President Donald Trump after a judge dismissed Trump's defamation lawsuit against the news outlet and ruled that it can't be refiled, media outlets reported. News Corp shares rose 1.9%. Fox (FOXA, FOX) reported better-than-expected fiscal Q1 results Monday as advertising revenue surged, driven by strength from the FIFA Men's World Cup and political campaigning. Fox Class A shares were still down 0.9%, and its Class B shares were down 0.8%.