03:49 PM EDT, 10/08/2024 (MT Newswires) -- Consumer stocks rose late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%.

Redbook US same-store sales last week increased 5.4% from a year earlier after a 5.3% increase in the previous week.

In corporate news, United Parks & Resorts ( PRKS ) shares fell 0.4%. The company said Busch Gardens in Tampa, Florida, will be closed from Tuesday to Thursday and Seaworld Orlando will be closed Wednesday and Thursday as Hurricane Milton approaches.

Tesla's (TSLA) upcoming Robotaxi event is unlikely to be a positive catalyst for the company's share price as it's expected to be less about new vehicle models and more about artificial intelligence, Truist Securities said Tuesday. Tesla was rising 1.7%.

PepsiCo ( PEP ) revised its full-year organic revenue growth outlook on Tuesday as Q3 earnings beat Wall Street estimates, while sales fell short of expectations. Its shares were rising 1.8%.

Uber ( UBER ) shares popped 2.3% after it said Tuesday that it will introduce an artificial intelligence assistant in its driver app that will use OpenAI's GPT-4o to help drivers adapt to using electric cars.