Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.2%.

Redbook US same-store sales rose by 5.4% from a year earlier in the week ended May 17 after a 5.8% year-over-year increase in the previous week.

In corporate news, Home Depot (HD) reiterated its full-year outlook on Tuesday as the home improvement retailer recorded better-than-expected fiscal Q1 sales amid continued consumer spending on smaller projects. Its shares were still down 0.7%.

Tesla (TSLA) Chief Executive Elon Musk said Tuesday in an interview on Bloomberg TV that poor sales figures that have plagued the company this year have "already turned around." Musk also said he's committed to being Tesla's CEO for the next five years. Tesla shares rose 2.4%.

Paramount's (PARA) efforts to settle President Donald Trump's lawsuit against its CBS News unit have caused several US senators to seek information about possible violations of a federal bribery statute in connection with the company's desire to complete a merger with Skydance Media, The Wall Street Journal reported. Paramount shares were easing 0.1%.