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Sector Update: Consumer
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Sector Update: Consumer
Jun 3, 2025 12:43 PM

03:25 PM EDT, 06/03/2025 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.7%.

Redbook US same-store sales rose by 4.9% from a year earlier in the week ended May 31 after a 6.1% year-over-year increase in the previous week. Redbook noted that customer traffic increased at the start of the week due to Memorial Day sales.

In corporate news, Tesla (TSLA) shares rose 2%. The company's Model 3 and Y vehicles joined the list of 124 electric vehicle and hybrid models in a campaign backed by the Chinese government to promote sales in rural areas, Reuters reported Tuesday, citing China's industry ministry.

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