01:36 PM EDT, 06/25/2024 (MT Newswires) -- Consumer stocks were retreating Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.6%.

Redbook US same-store sales rose by 5.3% from a year earlier in the week ended June 22 after a 5.9% year-over-year increase in the previous week. Redbook noted the soft performance of discount and department stores following Father's Day. The customers focused more on purchasing household basics and consumables compared with summer apparel and other soft goods.

In corporate news, Carnival (CCL) swung to fiscal Q2 adjusted earnings as revenue increased and the cruise liner also lifted its 2024 guidance for adjusted earnings. Its shares jumped 8.4%.