🛒 Auto Slump: BMW's Recalls and Rivian's Funding Woes Drive Down Sector, While Amazon and MercadoLibre Feel the Heat in Broader Market Dip | Retail Sector Insights
Key contributors to this performance included Amazon (AMZN), which dropped significantly, contributing negatively to the fund's overall performance.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Tuesday, September 3
XLY [-0.5%]
The Consumer Discretionary Select Sector SPDR Fund (XLY) has experienced a decline since Friday. Key contributors to this performance included Amazon (AMZN), which dropped significantly, contributing negatively to the fund's overall performance. Nike (NKE) also saw a notable decrease, alongside Home Depot (HD) and McDonald's (MCD), each of which contributed to the downturn. Lululemon (LULU) similarly faced a decline, adding to the negative contributions from these holdings. Each of these companies' significant losses has collectively impacted the ETF's performance during this period.