Sector Update: Consumer Stocks Mixed Late Afternoon

03:51 PM EST, 11/06/2026 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.3%. In sector news, US consumer sentiment this month reached the highest since August as inflation expectations declined, a preliminary University of Michigan survey showed Friday. The main sentiment index rose to 51 in November from 48 last month. The consensus was for an unchanged reading this month in a Bloomberg-compiled poll. In corporate news, Charter Communications (CHTR) swung to a Q3 loss Friday as the broadband and cable provider lost internet and video subscribers. Its shares fell 6%. TripAdvisor (TRIP) shares fell 4% after BofA Securities downgraded the stock to underperform from buy and cut its price target to $8 from $15. Airbnb (ABNB) reported higher-than-expected Q3 results late Thursday, logging the fastest revenue growth in more than three years. Its shares jumped 12%. DraftKings (DKNG) reported a Q3 adjusted loss late Thursday of $0.53 per diluted share, widening from a loss of $0.26 a year earlier and compared with the FactSet consensus estimate of a loss of $0.13. Its shares dropped 21%.