03:40 PM EDT, 07/22/2025 (MT Newswires) -- Consumer stocks were rising late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1%.

Redbook US same-store sales climbed 5.1% from a year earlier in the week ended July 19 after a 5.2% increase in the previous week.

In corporate news, Kohl's (KSS) shares surged 37% despite no corporate announcements or major stock ratings, echoing other meme stock rallies of recent years, according to media reports.

Faraday Future Intelligent Electric ( FFAI ) shares soared 42%. The company received a non-binding pre-order for 1,000 FX Super One multi-purpose vehicles from Nature's Miracle in a deal worth up to $100 million.

D.R. Horton's ( DHI ) fiscal Q3 results surpassed market estimates despite a softening housing market. Its shares rose over 16%.

Philip Morris International ( PM ) issued a Q3 earnings outlook below Wall Street's estimates on Tuesday, while the tobacco company's revenue in the previous three-month period fell short of expectations. Its shares were falling past 8%.