🛒 Consumer Discretionary ETF Dips Amid Amazon, Tesla, and TJX Declines; Sector Struggles Despite Broader Market Gains | Retail Sector Insights
(XLY) reported a price of 215.46, reflecting a slight decrease. It ranked among the underperformers in its sector, alongside Consumer Staples and Materials, while other sectors like Health Care, Technology, and Energy posted gains.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Wednesday, November 20
XLY [-1.3%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) reported a price of 215.46, reflecting a slight decrease. It ranked among the underperformers in its sector, alongside Consumer Staples and Materials, while other sectors like Health Care, Technology, and Energy posted gains. XLY's trading volume was recorded at 485 shares. Contributing to the ETF's performance were notable declines from major holdings: Amazon dropped significantly, followed by Tesla, Home Depot, TJX, and Nike. Notably, Amazon announced no increase in U.S. referral and FBA fees for 2025, amidst challenges in developing a successor to its AI Alexa. Meanwhile, TJX reported strong third-quarter results but lowered its fourth-quarter earnings forecast. Social media discussions highlighted an improving sales trend for Williams-Sonoma and compared consumer discretionary stocks against consumer staples, reflecting ongoing interest in sector performance dynamics.