Sector Update: Consumer

12:54 PM EST, 11/05/2026 (MT Newswires) -- Consumer stocks were lower Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 4.2%. In corporate news, Wendy's (WEN) said Thursday that it rejected an acquisition proposal from an investor group as the fast-food restaurant chain launched a multiyear strategy to grow customer traffic. Its shares rose 0.5%.