-- Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2.3%.
In corporate news, Lucid (LCID) said Tuesday that it has priced an underwritten public stock offering to generate $300 million in gross proceeds. Uber (UBER) has expanded a previous purchasing agreement to buy at least 35,000 vehicles for a future autonomous taxi network, while contributing an additional $200 million to reach a $500 million total investments in the company, Lucid said. Public Investment Fund affiliate Ayar Third Investment has also committed $550 million to buy convertible preferred stock. Lucid shares were down 4.7%, and Uber rose 1%.