01:29 PM EDT, 05/07/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.4%.

In economic news, Redbook US same-store sales jumped 6% from a year earlier in the week ended May 4 after a 5.5% year-over-year increase in the previous week.

In corporate news, Walt Disney ( DIS ) shares tumbled almost 10% after the company said it expects "softer" results from its direct-to-consumer business in Q3, which includes streaming.