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Sector Update: Consumer Stocks Rise Late Afternoon

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Consumer stocks were higher late Monday 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) up 0.2%.

In corporate news, Paramount Skydance (PSKY) had its Monday meeting with California officials canceled after State Attorney General Rob Bonta accused the entertainment company of leaking details and negotiating in bad faith over its proposed multi-billion merger with Warner Bros. Discovery (WBD), The New York Times reported. Paramount shares were up 0.9%, and Warner Bros. added 0.7%.

Walmart (WMT) is launching a new women's clothing, bag and accessories store brand this week aimed at younger shoppers, The Wall Street Journal reported Sunday. Most of the items under the new Scenario line will cost less under $25, the report said. Walmart shares gained 2.7%.

Polestar Automotive (PSNY) said it still does not understand why it must stop US sales while its corporate cousin, Volvo Cars, was allowed to continue, The Wall Street Journal reported, citing an Aug. 18 letter from Polestar to its US dealers. The Trump administration is implementing a new rule to prevent China from spying through connected-vehicle technology, with Polestar becoming the first carmaker effectively blocked from selling vehicles in the US under the rule, the report said. Polestar shares fell 4.7%.

PDD (PDD) reported Q2 earnings ahead of Wall Street estimates on Monday even as operating expenses rose annually, though revenue fell short of expectations. PDD shares were down 1.1%.

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Sector Update: Financial Stocks Climb Late Afternoon

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Sector Update: Energy Stocks Mixed Late Afternoon

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Sector Update: Healthcare Stocks Advance Late Afternoon

Healthcare stocks were higher late Friday afternoon, with the NYSE Healthcare Index rising 1.3% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.4%.The iShares Biotechnology ETF (IBB) gained 1.5%.In corporate news, Jupiter Neurosciences (JUNS) shares surged past 16% after it said it priced a direct offering of 307,692 shares for gross proceeds of $2 million.Johnson & Johnson (JNJ) shares rose 1.3% after the firm said Friday Tecvayli plus daratumumab has been approved by the European Commission to treat adults with relapsed or refractory multiple myeloma.Arbutus Biopharma (ABUS) shares jumped past 9% after the firm said it plans to launch a tender offer to repurchase up to $230 million of its shares at between $5.00 and $5.75 per share.Health Catalyst (HCAT) shares fell 4.6% after Canaccord Genuity downgraded the stock to hold from buy and cut its price target to $1.80 from $3.

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