🛒 Hasbro Surpasses Earnings Expectations, Alibaba's Strong Quarter Boosts Shares | Retail Sector Insights
(XLY) has seen a daily return drop of approximately 1.5%. This decline is linked to broader market concerns following President Trump's announcement of new tariffs. Additionally, Walmart's disappointing earnings guidance has negatively impacted retail sector stocks.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Thursday, February 20
XLY [-1.5%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has seen a daily return drop of approximately 1.5%. This decline is linked to broader market concerns following President Trump's announcement of new tariffs, which have heightened trade tensions. Additionally, Walmart's disappointing earnings guidance has negatively impacted retail sector stocks, affecting ETFs like XLY. The cautious tone from recent economic data regarding jobless claims and manufacturing activity has further pressured consumer discretionary equities. Among the ETF's holdings, significant contributors to the downturn include Amazon, Tesla, Home Depot, Royal Caribbean Cruises, and Booking Holdings, with Tesla facing scrutiny from OSHA for workplace safety violations. The S&P 500 Index has also declined, reflecting overall market sentiment that may be influencing the performance of XLY.