03:52 PM EDT, 05/14/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.5%.

In economic news, Redbook US same-store sales in the week ended May 11 rose 6.3% from a year earlier after a 6% increase in the previous week.

In corporate news, the Sony ( SONY ) and Apollo (APO) bid to buy Paramount (PARA) is dimming, and Sony ( SONY ) has started to reconsider its bid, CNBC reported Tuesday, citing people close to the situation. Paramount shares fell 5.4%, Sony ( SONY ) jumped 6.3% and Apollo added 0.8%.

Nike ( NKE ) unit Converse ( NKE ) confirmed to MT Newswires Tuesday that it is letting go of some staff as part of a broader cost-saving plan by its parent. Nike ( NKE ) shares were rising 0.3%.

On (ONON) shares jumped nearly 18% as the company topped Q1 expectations amid strong direct-to-consumer growth while reiterating its full-year constant currency sales growth guidance.

PlayAGS ( AGS ) investor Emmett Investment Management said Tuesday that it intends to vote against what it called was the company's "inadequate" proposed take-private deal with Brightstar Capital Partners. PlayAGS ( AGS ) shares rose 0.4%.