03:29 PM EDT, 04/30/2024 (MT Newswires) -- Consumer stocks declined late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.8%.

Redbook US same-store sales in the week ended April 27 rose 5.5% from a year earlier after a 5.3% increase in the previous week.

In corporate news, Oatly ( OTLY ) shares surged 14% after the food company reported a narrower loss and higher revenue in Q1.