01:44 PM EST, 01/02/2025 (MT Newswires) -- Consumer stocks fell Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.8%.

In corporate news, Tesla (TSLA) vehicle deliveries fell in 2024 from a year earlier with Q4 figures missing Wall Street's forecasts. The stock fell 6.7%.

Carvana ( CVNA ) shored up its numbers through "related-party accounting games" while its market was falling, short seller Hindenburg Research said in a report. Carvana ( CVNA ) shares fell 4%.

Arcos Dorados ( ARCO ) shares rose 3% after the company renewed its master franchise agreement with McDonald's (MCD) for the next 20 years.