Sector Update: Consumer Stocks Higher in Afternoon Trading

Fidelity
2026.05.05 17:58
portai
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Consumer stocks rose on May 5, 2026, with the State Street Consumer Staples and Discretionary ETFs each up 0.5%. Redbook reported a 7.8% increase in same-store sales, driven by warmer weather and Mother's Day promotions. Harley-Davidson shares jumped over 6% after reporting Q1 earnings of $0.22 per share. Ambev shares surged 15% following higher-than-expected Q1 earnings, while Anheuser-Busch InBev shares rose over 9%. Wynn Resorts is considering delaying the opening of its $5.1 billion casino in the UAE due to construction delays, with shares up 2%.