01:29 PM EDT, 06/10/2025 (MT Newswires) -- Consumer stocks were higher Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.8%.

In economic news, investors are focused on the second day of trade talks in London between delegations headed by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. Officials from both sides are trying to reach a deal to end the Sino-US tariff battle between the world's two largest economies.

Redbook US same-store sales rose by 4.7% from a year earlier in the week ended June 7 after a 4.9% year-over-year increase in the previous week. Redbook noted varying sales leader lists with slightly less customer focus on buying seasonal items. Consumers have become more price conscious with the tariff uncertainty, therefore warehouse and discount stores became more popular.

In corporate news, Casey's General Stores (CASY) shares jumped nearly 12% after the convenience store operator issued an inside comparable sales growth outlook for fiscal 2026 higher than the previous year at the midpoint, while its Q4 earnings surprisingly increased on an annual basis.