02:02 PM EDT, 08/06/2024 (MT Newswires) -- Consumer stocks were gaining Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 2.1%.

Redbook US same-store sales last week rose 5.1% from a year earlier after a 4.5% increase in the previous week.

In corporate news, Uber ( UBER ) shares jumped 11% after the company reported stronger-than-expected gains in its Q2 results.

Yum Brands ( YUM ) reported below-forecast Q2 sales on Tuesday amid a more cost-conscious consumer, while its earnings didn't fall as much as feared. Its shares were rising 3.6%.

Royal Caribbean Cruises ( RCL ) has signed agreements with a limited number of holders of its 6% convertible notes due 2025 in exchange for a combination of cash and common stock. Its shares popped 9.4%.