03:29 PM EST, 01/14/2025 (MT Newswires) -- Consumer stocks fell late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.5%.

Redbook US same-store sales last week rose 4% from a year earlier, slower than the 6.8% increase in the previous week.

In corporate news, Elon Musk's acquisition of the US operations of TikTok is being evaluated as a potential option by Chinese officials if the company is unable to defend itself from a US ban, Bloomberg reported. Musk owns X, formerly Twitter, and is chief executive officer of both Tesla (TSLA) and SpaceX. Tesla's shares fell 1.4%.