🛒 LULU Tumbles on Guidance Cut; TSLA Rebounds Amid Feud De-escalation | Retail Sector Insights
(XLY) has experienced a daily return of approximately 1.4%. This uptick follows the release of positive U.S. labor market data, with nonfarm payrolls increasing and the unemployment rate holding steady.
Welcome to the MarketReader Minute.
Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Friday, June 6
XLY [+1.4%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has experienced a daily return of approximately 1.4%. This uptick follows the release of positive U.S. labor market data, with nonfarm payrolls increasing and the unemployment rate holding steady. Average hourly earnings also rose more than anticipated, suggesting potential support for consumer spending. Despite this, XLY remains the poorest performing sector ETF in the S&P 500 year-to-date, reflecting a decline. Key contributors to XLY's performance included Amazon, Tesla, Home Depot, Chipotle, and Airbnb, with Amazon announcing a significant investment in Taiwan for cloud services. Concurrently, the S&P 500 Index has risen, which may correlate with XLY's recent gains.