-- Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.8%.
In sector news, Redbook US same-store sales rose 6.7% from a year earlier in the week ended April 18 after a 7% year-over-year increase in the previous week.
In corporate news, T-Mobile's (TMUS) largest shareholder, Deutsche Telekom, is mulling a full combination with the US-based carrier in what would be the largest-ever public M&A deal, Bloomberg reported. T-Mobile shares were down 1.4%.
Tractor Supply (TSCO) reported Q1 results that missed market projections amid a below-average performance of its companion animal product business. Its shares dropped past 12%.
D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Its shares rose past 6%.
Estee Lauder (EL) has hired JPMorgan (JPM) to come up with a financing package of about 5 billion euros ($5.88 billion) to fund its takeover of Puig, Spanish business newspaper Expansion reported Tuesday. Estee Lauder shares were down 3%.