01:43 PM EDT, 07/08/2025 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.1%.

Redbook US same-store sales last week rose 5.9% from a year earlier, following after a 4.9% increase in the prior week.

In corporate news, Amazon's ( AMZN ) four-day Prime Day event kicked off Tuesday, and sales fell almost 14% in the first four hours compared with the start of last year's event, Bloomberg reported, citing Momentum Commerce data. Separately, Canada's Competition Bureau said Tuesday it has obtained a court order to advance its investigation into Amazon's ( AMZN ) Marketplace Fair Pricing Policy, which allows the company to penalize sellers for certain conduct. Amazon ( AMZN ) shares were down 1.4%.

Hershey (HSY) appointed Kirk Tanner as chief executive, effective Aug. 18. Tanner most recently served as CEO of Wendy's (WEN). Hershey shares were falling 3.4%, and Wendy's retreated 1.3%.

TopBuild ( BLD ) shares rose 4.2% after the company said Tuesday it agreed to buy Progressive Roofing in an $810-million cash deal that will expand the insulation products distributor's portfolio to include commercial roofing services.

Tesla (TSLA) and Chief Executive Officer Elon Musk continue to have the backing of Ark Investment Management CEO Cathie Wood, despite recent stock swings and political controversy, Bloomberg reported Tuesday, citing an interview with Wood. Tesla shares added 2.3%.