🛒 Tariffs Sink Tapestry, Alibaba Slides on Stake Sale, Amazon Climbs on Delivery Push | Retail Sector Insights
Consumer Discretionary ETF (XLY) edged down 0.1%, with Tesla, Home Depot, Chipotle, Lowe’s, and Tapestry all lower. A drop in U.S. jobless claims signaled labor market strength, sparking brief upside, while HYG’s decline echoed broader market caution.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Thursday, August 14
XLY [-0.1%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
During trading hours, the Consumer Discretionary Select Sector SPDR Fund (XLY) has declined by 0.1% since Wednesday. The top contributors to the ETF's performance included Tesla, Home Depot, Chipotle Mexican Grill, Lowe's, and Tapestry, all of which experienced declines. Home Depot received mixed analyst ratings recently, with several bullish assessments and a slight increase in its average 12-month price target. In macroeconomic news, Initial Jobless Claims in the U.S. unexpectedly dropped, signaling a resilient labor market and resulting in a notable peak reaction in XLY. Additionally, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) declined, mirroring broader market sentiment that may influence XLY.