Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks showed mixed performance on Tuesday, with the Consumer Staples Select Sector SPDR Fund rising 0.4% and the Consumer Discretionary Select Sector SPDR Fund falling 1%. Redbook US same-store sales increased by 5.9% year-over-year. Lamb Weston shares rose 4% after reporting better-than-expected revenue, while United Natural Foods saw a 17% jump in shares following a positive earnings outlook. Conversely, FuboTV shares dropped 4.7% after announcing a merger with Disney, which will own 70% of Fubo post-deal.