01:19 PM EST, 12/03/2024 (MT Newswires) -- Consumer stocks were decreasing Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.2%.

In economic news, Redbook US same-store sales jumped 7.4% from a year earlier in the week ended Nov. 30 after a 4.9% year-over-year increase in the previous week. Redbook noted brisk sales on Black Friday and the weekend.

In sector news, online spending on Cyber Monday advanced more than projected to a record $13.3 billion, according to Adobe Analytics' holiday shopping data.

In corporate news, Tesla (TSLA) Chief Executive Elon Musk is not entitled to receive a $56 billion pay package even after the company's shareholders voted to reinstate it, a Delaware judge ruled Monday. Tesla shares were falling over 2%.