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Sector Update: Consumer Stocks Mixed Late Afternoon

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Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 0.9%.

Redbook US same-store sales last week jumped 10% from a year earlier after a 9.4% increase in the previous week.

In corporate news, Walmart (WMT) is paying $1.4 billion to buy French advertising-technology firm Vibe.co, The Wall Street Journal reported. Separately, Walmart will buy nuclear power from Constellation Energy (CEG) under a long-term agreement split into two 15-year terms. Walmart shares rose 2%.

Domino's Pizza (DPZ) shares fell 3.5% after the company said CEO Russell Weiner intends to retire, with Chief Operating Officer Joe Jordan to succeed him later this year.

Carnival (CCL) provided a fiscal Q3 earnings outlook below Wall Street's estimates, though the cruise operator posted a surprise profit increase in Q2 and forecast robust demand and booking trends. The shares dropped 4.6%.

Amazon.com (AMZN) and competing retailers are expected to generate record US online sales of $26.3 billion during the four-day Prime Day event beginning Tuesday, representing a 9% increase from last year's event, Bloomberg reported, citing Adobe (ADBE) data. Amazon shares were up 0.8%.

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