03:41 PM EDT, 10/22/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.3%.

Redbook US same-store sales last week rose 4.6% from a year earlier versus the 5.6% gain in the previous week.

In corporate news, Verizon (VZ) shares slumped 4.5% after the company reported a year-over-year decline in Q3 adjusted earnings and operating revenue.

Netflix ( NFLX ) is no longer developing a so-called Triple-A video game as it narrows its focus on producing casual games instead, the Wall Street Journal reported. Netflix ( NFLX ) shares were falling 1.1%.

General Motors ( GM ) shares jumped past 10%. The carmaker reported Q3 earnings and revenue that topped estimates by analysts and lifted the lower end of its 2024 earnings guidance.

Genuine Parts ( GPC ) reported lower Q3 adjusted diluted earnings and cut its full-year 2024 adjusted EPS guidance range. Its shares plunged nearly 20%.