01:07 PM EST, 11/04/2025 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.4%.

In corporate news, Starbucks ( SBUX ) agreed to sell a majority stake in its retail operations in China to Boyu Capital as part of a joint venture agreement between the coffee giant and the Chinese private equity firm. Starbucks ( SBUX ) shares were down 2.5%.