01:59 PM EDT, 03/19/2024 (MT Newswires) -- Consumer stocks rose Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 0.7%.

Redbook US same-store sales in the week ended March 16 rose 3.4% from a year earlier following a 3% increase in the previous week.

In corporate news, Nordstrom ( JWN ) shares jumped nearly 9% after Reuters reported the retailer's founding family plans to take the company private.

Unilever ( UL ) gained 3% after the company said that it plans to spin off its ice cream unit and cut 7,500 jobs under a new plan to rein in costs.

Keurig Dr Pepper ( KDP ) said Tuesday it continues to expect full-year 2024 adjusted earnings per share growth of a high-single-digit range and constant currency net sales growth in a mid-single-digit range. Its shares were down fractionally.