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Sector Update: Consumer Stocks Edge Higher Thursday Afternoon

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Consumer stocks edged up Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.1%.

In corporate news, Caesars Entertainment (CZR) has agreed to be acquired and taken private by Fertitta Entertainment in an all-cash deal worth roughly $17.6 billion, the companies said in separate statements Thursday. Caesars shares were up 0.9%.

Dollar Tree (DLTR) shares jumped past 18% after it posted higher fiscal Q1 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.

Best Buy (BBY) shares climbed almost 18% after it reported higher-than-expected fiscal Q1 adjusted earnings and revenue.

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