🛒 Tapestry and Ralph Lauren Surge on Strong Earnings; Ford and Tesla Face Setbacks Amid Challenges | Retail Sector Insights
(XLY) experienced a daily return of approximately 0.4%, reflecting a slight increase in price. This follows a strong rebound in the U.S. stock market, driven by declining treasury yields and positive sentiment.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Thursday, February 6
XLY [+0.4%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) experienced a daily return of approximately 0.4%, reflecting a slight increase in price. This follows a strong rebound in the U.S. stock market, driven by declining treasury yields and positive sentiment, despite some weakness in the tech sector due to disappointing earnings. Among XLY's holdings, Amazon (AMZN) was a notable contributor with a return of 0.75%. Tapestry Inc. (TPR) reported robust fiscal Q2 results, surpassing revenue and EPS estimates while raising guidance for fiscal 2025 and planning to return over $2 billion to shareholders. Yum! Brands (YUM) announced a dividend increase and launched a new SaaS platform to enhance operations. Additionally, Aptiv PLC (APTV) exceeded EPS estimates and provided optimistic guidance for fiscal year 2025, highlighting growth in adjusted net income and operating cash flow.