01:39 PM EST, 12/31/2024 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.5% lower.

In corporate news, Amazon.com ( AMZN ) is facing legal action over claims that it misused employee 401(k) forfeitures to offset its own contributions, breaching federal fiduciary duties under the Employee Retirement Income Security Act. Amazon ( AMZN ) shares were down 0.7%.