Sector Update: Consumer

03:21 PM EST, 11/09/2026 (MT Newswires) -- Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 3.5%. In corporate news, PepsiCo (PEP) is cutting about 1,000 jobs in its food and beverage division to streamline operations, The Wall Street Journal reported, citing a letter from PepsiCo North America Chief Executive Ram Krishnan to employees that it viewed. PepsiCo shares were up 0.8%.