01:34 PM EDT, 05/28/2024 (MT Newswires) -- Consumer stocks fell Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.4%.

In corporate news, T-Mobile (TMUS) agreed to buy most of US Cellular's (USM) wireless operations for $4.4 billion in cash and assumed debt. T-Mobile shares rose 0.5%, and US Cellular surged 6%.