03:36 PM EDT, 03/12/2024 (MT Newswires) -- Consumer stocks rose late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1%.

Redbook US same-store sales in the week ended March 9 rose 3% from a year earlier after a 3.1% increase in the previous week.

In corporate news, American Airlines ( AAL ) cut its Q1 financial forecast due to fuel prices rising "considerably" since it first issued guidance in late January. Its shares dropped 5.1%.