Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.

In corporate news, Amazon.com (AMZN) said it will lay off 14,000 corporate employees as part of the e-commerce giant's ongoing efforts to streamline the organization and increase efficiency. Separately, Amazon plans to cut a "significant" number of jobs in its video-game division, Bloomberg reported Tuesday. Amazon shares rose 1.8%.

United Parcel Service (UPS) reported Q3 non-GAAP earnings fell from a year ago but still beat analysts' expectations. Its guidance for Q4 sales was above consensus. UPS also said it realized $2.2 billion in cost savings over the course of nine months. Its shares jumped past 8%.

JetBlue Airways (JBLU) provided a weak outlook for a key revenue metric for Q4, despite expectations for travel demand to continue to improve, while the air carrier posted a smaller-than-projected Q3 loss. Its shares dropped more than 11%.

Tesla (TSLA) Chair Robyn Denholm said it is too soon to gauge investor support for Chief Executive Elon Musk's potential $1 trillion pay package ahead of a crucial shareholder vote, Bloomberg reported Tuesday. Tesla shares were up 2.6%.