Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.4%.

Redbook US same-store sales rose by 11.5% from a year earlier in the week ended July 4 after a 10.5% year-over-year increase in the previous week. "Significant nationwide temperature increases, combined with Independence Day promotions, led to increased demand for summer merchandise and brought more shoppers into air-conditioned stores," Redbook noted.

In corporate news, Rivian Automotive (RIVN) shares fell past 14% after the electric vehicle maker launched a stock offering, even as it issued a Q2 revenue estimate that exceeded market expectations.

Walmart (WMT) and Sam's Club lowered prices on "thousands" of essentials and groceries as part of a summer rollback effort, Walmart said late Monday. Walmart shares rose 1%.

Toyota (TM) said Monday it will invest $3.6 billion to expand its San Antonio manufacturing campus with a second vehicle assembly line to support Tacoma truck production. Toyota shares were fractionally higher.