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Sector Update: Consumer Stocks Mixed Late Afternoon
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Sector Update: Consumer Stocks Mixed Late Afternoon
Jun 3, 2025 1:14 PM

03:50 PM EDT, 06/03/2025 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.5%.

Redbook US same-store sales rose by 4.9% from a year earlier in the week ended May 31 after a 6.1% year-over-year increase in the previous week. Redbook noted that customer traffic increased at the start of the week due to Memorial Day sales.

In corporate news, Tesla (TSLA) shares rose 0.6%. The company's Model 3 and Y vehicles joined a list of 124 electric vehicle and hybrid models in a campaign backed by the Chinese government to promote sales in rural areas, Reuters reported Tuesday, citing China's industry ministry.

Dollar General ( DG ) lifted its full-year revenue and same-store sales growth outlook as it recorded better-than-expected fiscal Q1 results, while the discount retailer said tariffs could pressure consumer spending. Its shares jumped 16%.

Lottery.com ( LTRY ) said that it has started an investigation into potential short selling of its stock and has engaged legal counsel from Paul Hastings LLP for the probe. Its shares rose over 7%.

Ford (F) said its total vehicle sales rose 16.3% in May from a year earlier to 220,959 units. Electric vehicle sales fell 25% over the same period to 6,723 units, while hybrid vehicle sales rose 28.9% to 22,719 units. Ford shares added 1.9%.

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