đź›’ Retail Sales Surprise Lifts XLY; Amazon, Home Depot, Nike Lead Gains | Retail Sector Insights
The Consumer Discretionary Select Sector SPDR Fund (XLY) rose 0.4% after June retail sales beat expectations with a 0.6% increase. Strong consumer spending boosted holdings like Amazon, Home Depot, Nike, Lowe’s, and Booking, while Trump’s Powell comments eased rate uncertainty.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Thursday, July 17
XLY [+0.4%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has seen a price increase of 0.4% since Wednesday. Recent U.S. retail sales data revealed an unexpected rise of 0.6% in June, exceeding forecasts and reflecting robust consumer spending amid economic uncertainties. This positive trend is beneficial for sectors like XLY, which focuses on consumer discretionary equities. Additionally, President Trump's recent remarks about retaining Federal Reserve Chair Jerome Powell have alleviated market tensions surrounding monetary policy uncertainty. Among the ETF's holdings, significant contributors to its performance include Amazon, Home Depot, Nike, Lowe's, and Booking Holdings, all of which registered positive returns.