Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%.
Redbook US same-store sales last week rose 4.9% from a year earlier after a 4.5% increase in the previous week.
In corporate news, General Motors (GM) reported $5 billion in Q4 charges as adjusted earnings and revenue topped market expectations, while the full-year profit estimate beat forecasts. The shares slumped 8.6%.
Royal Caribbean Group (RCL) shares jumped 13% after it reported higher Q4 adjusted net income and revenue.
JetBlue Airways' (JBLU) Q4 results came in better than expected on Tuesday, but the airline said it expects operating expenses to continue growing this year. Its shares dropped 27%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.