Consumer stocks were decreasing Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.2%.
Redbook US same-store sales accelerated by 7.2% from a year earlier in the week ended April 5 after a 4.8% year-over-year increase in the previous week.
In corporate news, Harley-Davidson (HOG) shares fell about 6% after it said Tuesday Chief Executive Jochen Zeitz will retire this year and that a search for his successor was underway.
WD-40 (WDFC) lifted its full-year earnings outlook as the maker of lubricants and cleaning products said it expects a "minimal" impact from President Donald Trump's recently announced tariffs. Its shares still dropped 2.6%.
Tesla (TSLA) Chief Executive Elon Musk appealed directly to President Donald Trump to reverse course on tariffs over the weekend, the Washington Post reported Monday. Tesla shares were adding 0.3%.
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