03:55 PM EDT, 03/18/2025 (MT Newswires) -- Consumer stocks fell late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.8%.

Redbook US same-store sales last week rose by 5.2% from a year earlier, slower than the 5.7% increase in the previous week.

In sector news, Costco (COST) and Walmart ( WMT ) are asking Chinese suppliers to lower their prices in response to US tariffs, the Financial Times reported. Other retailers have made similar requests, the report said.

In corporate news, Walmart ( WMT ) has developed a generative AI-backed tool to improve the productivity of its merchants. Walmart ( WMT ) shares fell 2.1%.

Caesars Entertainment ( CZR ) is adding two new independent directors to its board following an agreement with Icahn Enterprises (IEP). Caesars shares fell 1.4%.

Tesla (TSLA) vehicles bought to be used as taxis or ride shares will no longer get financial incentives from the city of Toronto amid growing trade tensions with the US, Reuters reported Monday, citing Mayor Olivia Chow. Tesla shares dropped 5.3%.

XPeng ( XPEV ) reported Q4 results below Wall Street estimates, while the Chinese automaker expects vehicle deliveries to quadruple in Q1. The shares dropped 8.5%.