Sector Update: Consumer Stocks Mixed in Afternoon Trading

01:33 PM EDT, 10/14/2026 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.1%. In corporate news, Netflix (NFLX) is cutting 6% of its global staff, or about 1,000 positions, The Wall Street Journal reported Wednesday, citing an internal email. This latest round of layoffs, its largest since 2022, mainly affects the product, tech, legal and human-resources teams, the report said, citing Co-Chief Executives Greg Peters and Ted Sarandos as saying in an email to employees. Shares were down 0.8%. Kimberly-Clark (KMB) has received European Commission approval to buy Kenvue (KVUE), subject to the sale of its Kotex and other feminine hygiene brands in the European Economic Area, the Commission said. Kimberly-Clark shares rose 0.9%. VinFast Auto (VFS) partner Green SM has launched its all-electric taxi service in Los Angeles, California, offering a fleet of VinFast vehicles, according to a statement. Shares were down 0.5%.