Consumer stocks were edging higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally higher.

Redbook US same-store sales rose 5.1% from a year earlier in the week ended Nov. 16 after a 4.8% year-over-year increase in the previous week.

In corporate news, XPeng (XPEV) nearly halved its Q3 loss while topping sales expectations following the launch of its Mona M03 vehicle at the end of August. Its shares were down 3.2%.

Interactive Strength (TRNR) shares soared 46% after the company unveiled Tuesday CLMBR fitness equipment installations in Saudi Arabia.

Walmart (WMT) lifted its full-year outlook on Tuesday as the retail giant reported stronger-than-expected fiscal Q3 results amid gains across all segments. Its shares popped 3%.

Lowe's (LOW) fiscal Q3 sales fell less than projected while the home improvement retailer raised its full-year top-line outlook as hurricane-related spending demand is seen continuing through Q4. Its shares were down 4.7%.