01:45 PM EDT, 07/11/2024 (MT Newswires) -- Consumer stocks were in the red Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1%.

In corporate news, Tesla (TSLA) shares tumbled 6.2% after Bloomberg reported a delay in the company's robotaxi project.

Delta Air Lines ( DAL ) issued a downbeat earnings guidance for the current quarter on Thursday as the airline's earnings during the three months to June fell short of market expectations. Its shares sank 5.5%.

Costco (COST) shares slumped 3.5% as the company announced an increase in membership fees and reported an increase in net sales over five weeks.