01:18 PM EDT, 07/01/2025 (MT Newswires) -- Consumer stocks were higher Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.6%.
Redbook US same-store sales rose by 4.9% from a year earlier in the week ended June 28 after a 4.5% year-over-year increase in the previous week. Redbook noted an increase in customer traffic due to the promotions for Independence Day, summer heat waves and the demand for seasonal items.
In corporate news, Ford (F) shares popped 3.6% after the company reported Q2 sales of 612,095 vehicles, up 14% from a year earlier. The company said its market share rose to 14.3%, up 1.8 percentage points from the previous quarter.