🛒 Nike Stock Jumps on CEO Change, General Motors Co Recalls Vehicles Due to a Malfunction | Retail Sector Insights
Home Depot (HD) and Lowe's (LOW) also experienced declines, while Lennar Corp (LEN) reported strong third-quarter results but saw its shares drop post-announcement despite beating earnings estimates and increasing new orders.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Friday, September 20
XLY [-0.5%]
The Consumer Discretionary Select Sector SPDR Fund (XLY) has declined by 0.5% during market hours on Friday, coinciding with a 0.15% drop in the S&P 500 Index. Significant movements among the ETF's holdings include Tesla (TSLA), which fell due to controversy surrounding a social media post by Elon Musk, contributing negatively to the fund's performance. Home Depot (HD) and Lowe's (LOW) also experienced declines, while Lennar Corp (LEN) reported strong third-quarter results but saw its shares drop post-announcement despite beating earnings estimates and increasing new orders. The performance of these companies has collectively influenced the downward trajectory of XLY.