03:54 PM EDT, 06/24/2025 (MT Newswires) -- Consumer stocks were higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.9%.

In economic news, US consumer confidence fell in June as views on current and future conditions deteriorated amid uncertainty around the effects of tariffs, the Conference Board said. The consumer confidence index fell 5.4 points to 93 this month following a sharp gain in May, according to the Board. The consensus in a Bloomberg survey was for a rise to 99.8.

Separately, Redbook US same-store sales rose by 4.5% from a year earlier in the week ended June 21, slower than a 5.2% year-over-year increase in the previous week.

In corporate news, Uber Technologies ( UBER )-backed (UBER) electric bike startup, Lime, has hired major banks in preparation for an IPO in the US, Reuters reported. Separately, Uber ( UBER ) said it is launching autonomous ride-hailing services in Atlanta in partnership with Alphabet's (GOOG) Waymo. Uber ( UBER ) jumped 7.6%.

Genius (GNS) Chief Executive Roger Hamilton bought 650,000 shares of the company, boosting his total holdings by 10% to 7.5 million shares. Genius surged 23%.

Target ( TGT ) is testing a new delivery model that ships products directly from factories to customers' homes, Bloomberg reported. Target ( TGT ) shares were rising 1.1%.

Carnival (CCL) reported fiscal Q2 adjusted earnings of $0.35 per share, up from $0.11 a year ago, and above the FactSet consensus estimate of $0.25. Its shares popped 7.4%.

McDonald's (MCD) and Krispy Kreme (DNUT) said they will end their collaboration as the doughnut maker struggled with turning a profit on the venture. McDonald's shares were rising 0.8%, and Krispy Kreme was up 0.2%.

Tesla (TSLA) is facing a wrongful death lawsuit over a 2024 crash of a Model S vehicle that killed three people in New Jersey, Reuters reported late Monday. Tesla shares were down 1.6%.