Consumer stocks rose Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%.

In sector news, Redbook US same-store sales rose by 5.9% from a year earlier in the week ended Oct. 11 after a 5.8% year-over-year increase in the previous week. Redbook noted that retail stores announced promotional discounts to compete with Columbus Day sales and Amazon's (AMZN) Prime Big Deal Days promotions.

In corporate news, Albertsons (ACI) shares jumped past 12%. The company lifted its full-year earnings outlook on Tuesday as it reported better-than-expected fiscal Q2 results. It also announced a $750 million buyback extension.

General Motors (GM) announced charges of $1.6 billion for GM North America in the quarter ended Sept. 30 based on a planned "strategic realignment" of its electric vehicle capacity and production. GM shares rose 2.4%.

Ford (F) is temporarily cutting production of at least five models following last month's fire at the facility of aluminum supplier Novelis, The Wall Street Journal reported Monday. A United Auto Workers official told union members that Ford is pausing production this week of its three-row SUVs, including Expedition and Lincoln Navigator, at the Kentucky Truck Plant due to aluminum supply challenges, the report said. Ford shares were up 1.5%.