🛒 Marriott and Hyatt Report Mixed Earnings as Sector Faces Volatility | Retail Sector Insights
(XLY) has seen a decline of 0.7% in pre-market trading. The sector is currently the only one among eleven trading below its 50-day moving average. Notably, key holdings within XLY such as Amazon, Tesla, and Marriott have reported negative returns, contributing to the fund's overall performance.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Tuesday, February 11
XLY [-0.7%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has seen a decline of 0.7% in pre-market trading, coinciding with broader market trends as the S&P 500 Index has dropped by 0.31%. The sector is currently the only one among eleven trading below its 50-day moving average. Notably, key holdings within XLY such as Amazon, Tesla, and Marriott have reported negative returns, contributing to the fund's overall performance. Marriott's recent fourth-quarter results showed adjusted earnings per share above estimates, yet the company provided soft guidance for the first quarter and fiscal year 2025, leading to a decline in its shares. Additionally, McDonald's plans to expand globally amid challenges, including a sales decline in the fourth quarter and rising menu prices impacting demand among low-income customers. The backdrop of tariffs imposed by President Trump on steel and aluminum imports raises inflation concerns, potentially influencing consumer discretionary goods.