03:33 PM EST, 03/04/2025 (MT Newswires) -- Consumer stocks declined late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.6%.

Redbook US same-store sales accelerated by 6.6% from a year earlier in the week ended March 1 after a 6.2% year-over-year increase in the previous week.

In corporate news, Tesla (TSLA) sold 30,688 China-made electric vehicles in February, a 49.2% drop from the year-ago period, Reuters reported, citing data from the China Passenger Car Association. Tesla shares were down 1.6%.