Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1%.

In sector news, Redbook US same-store sales rose by 8.1% from a year earlier in the week ended May 16 after a 9.6% year-over-year increase in the previous week. "Coming off last-minute Mother's Day shopping on Sunday, sales and traffic slowed across the board in the middle of the week, but picked up during the weekend as graduation, BBQ season, and warm weather approached," Redbook said.

In corporate news, Home Depot (HD) on Tuesday reported fiscal Q1 results above market expectations despite consumer uncertainty, while the home improvement retailer reiterated its full-year outlook. Its shares rose 0.5%.

Amer Sports (AS) raised its full-year guidance on Tuesday after the Finnish sports equipment company reported better-than-expected Q1 results. Amer shares jumped past 4%.

Wall Street banks started a loan sale Tuesday on behalf of Warner Bros. Discovery (WBD) comprised of a $5 billion US dollar loan and a 1 billion euro loan, Bloomberg reported. Warner Bros. shares added 0.5%.