01:51 PM EDT, 06/18/2024 (MT Newswires) -- Consumer stocks were mixed in Tuesday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.4%.

In economic news, Redbook US same-store sales rose 5.9% from a year earlier in the week ended June 15 after a 5.5% year-over-year increase in the previous week.

In corporate news, Ford (F) is planning to make further job cuts in Germany, Spain and the UK, Reuters reported, citing Benjamin Gruschka, the head of the works council at Ford's Cologne plant. Ford shares were shedding 0.2%.

McDonald's (MCD) is ending its test of artificial intelligence drive-through technology in partnership with International Business Machines ( IBM ) , a McDonald's spokesperson confirmed to MT Newswires Tuesday. McDonald's shares fell 1.4% and IBM ( IBM ) was down 0.5%.

GameSquare ( GAME ) shares jumped 9.4% after it said Tuesday it has sold a nearly 26% stake in internet media company FaZe Media for $9.5 million to an entity controlled by FaZe Media's chief executive.