03:31 PM EDT, 05/29/2024 (MT Newswires) -- Consumer stocks were easing late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.4%.

In economic news, Redbook US same-store sales increased by 6.3% from a year earlier in the week ended May 25 after a 5.5% year-over-year increase in the previous week.

In corporate news, Advance Auto Parts ( AAP ) on Wednesday posted a surprise decline in its fiscal Q1 comparable-store sales amid weather and macro headwinds. Its shares tumbled past 10%.