🛒 Consumer Stocks Slide as Amazon, Tesla Weigh on XLY | Retail Sector Insights
(XLY) down about 0.7% as losses in Amazon and Tesla weighed on performance. Weakness across Booking Holdings, eBay, and Ross Stores added pressure, while a broader decline in the Nasdaq 100 reinforced the risk-off tone across consumer-linked equities.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Wednesday, February 4
XLY [-0.7%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has experienced a decline of 0.7% during market hours on Wednesday. Significant contributors to this downturn include Amazon, which dropped notably, contributing negatively to the fund's performance. Tesla also saw a substantial decline, further impacting the overall results. Other notable underperformers included Booking Holdings, eBay, and Ross Stores, each registering losses that contributed marginally to the fund's overall decline. In parallel, the Nasdaq 100 Index has decreased by 1.30%, reflecting broader market movements that are likely affecting discretionary spending and related sectors.