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Sector Update: Consumer
Jun 10, 2025 12:55 PM

03:30 PM EDT, 06/10/2025 (MT Newswires) -- Consumer stocks were higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

In economic news, 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, Starbucks ( SBUX ) is piloting a protein drink as part of a menu overhaul to focus on the health and wellness category in a bid to reverse sales declines, Bloomberg reported. Starbucks ( SBUX ) shares added 0.4%.

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