🛒 Tesla Tumbles Amid Profit Concerns, Mattel Soars, Rivian Slides on Legal Woes, LVMH Falls, Amazon Drops Despite Cloud Optimism | Retail Sector Insights
Amazon's expansion into Japan's pharmacy market and McDonald's price target reduction by UBS analyst Dennis Geiger were key factors influencing the ETF's performance. The S&P 500 Index also dropped by -1.56%, potentially aligning with XLY's decline.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Wednesday, July 24
XLY [-3.2%]
The Consumer Discretionary Select Sector SPDR Fund (XLY) decreased by -3.2% following significant movements in its top holdings, notably Tesla (TSLA), Amazon (AMZN), Home Depot (HD), Booking Holdings (BKNG), and McDonald's (MCD). Amazon's expansion into Japan's pharmacy market and McDonald's price target reduction by UBS analyst Dennis Geiger were key factors influencing the ETF's performance. The S&P 500 Index also dropped by -1.56%, potentially aligning with XLY's decline.