🛒 Amazon, Home Depot, Ross Stores Drive XLY Higher | Retail Sector Insights
(XLY) has experienced a notable uptick, currently rising by 1.9%. Key contributors to this performance include Amazon, Home Depot, Booking Holdings, Lowe's, and Ross Stores, all reporting positive returns.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Friday, November 21
XLY [+1.9%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has experienced a notable uptick, currently rising by 1.9%. It was reported that the Consumer Discretionary sector led gains among sector ETFs, outperforming others with a rise of 2.5%. Key contributors to this performance include Amazon, Home Depot, Booking Holdings, Lowe's, and Ross Stores, all reporting positive returns. Amazon is expanding its satellite project while reducing staff. Home Depot announced a dividend for the 155th consecutive quarter. Booking Holdings noted increased holiday travel searches, and Ross Stores exceeded sales and earnings expectations while raising its full-year outlook. Concurrently, the Michigan Consumer Sentiment index rose slightly but remains below previous levels, reflecting mixed economic signals. The S&P 500 Index has also increased, suggesting a correlation with XLY's recent movement.