🛒 Expedia and Alibaba Surge on Strong Performance and Speculation; Skechers and Amazon Struggle with Weak Guidance | Retail Sector Insights
U.S. stock markets exhibited mixed results as caution prevailed ahead of the jobs report, contributing to the Consumer Discretionary Select Sector SPDR Fund (XLY) experiencing a decline.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Friday, February 7
XLY [-0.1%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
U.S. stock markets exhibited mixed results as caution prevailed ahead of the jobs report, contributing to the Consumer Discretionary Select Sector SPDR Fund (XLY) experiencing a decline. Amazon reported strong fourth-quarter earnings but issued softer guidance for Q1 2025, impacting sentiment in consumer discretionary stocks. The fund's performance was further influenced by significant declines among its top holdings, including Amazon and Nike, the latter reaching a near five-year low following a downgrade by Citi. The Russell 2000 Index also decreased slightly, reflecting broader market sentiment that may affect XLY's performance. Overall, the consumer discretionary sector underperformed relative to other sectors, such as Communication Services, Energy, and Technology.