01:29 PM EDT, 07/15/2025 (MT Newswires) -- Consumer stocks fell Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) declining 1%.

In corporate news, Stellantis ( STLA ) plans to withdraw its investment in a joint hydrogen-vehicle initiative with Michelin and Forvia as the carmaker reduces its involvement with the emerging technology, Bloomberg reported. Stellantis ( STLA ) shares fell 2.8%.