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Amazon (AMZN), dropped significantly and announced a $100 million partnership with NFL stars Jason and Travis Kelce for their podcast "New Heights," alongside plans for a subscription model for its Alexa platform.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Tuesday, August 27
XLY [-0.8%]
The Consumer Discretionary Select Sector SPDR Fund (XLY) has experienced a decline of 0.3%, coinciding with a slight decrease in the S&P 500 Index. Notable contributors to XLY's performance included Amazon (AMZN), which dropped significantly and announced a $100 million partnership with NFL stars Jason and Travis Kelce for their podcast "New Heights," alongside plans for a subscription model for its Alexa platform. TJX Companies (TJX) also saw a significant drop, with executives selling large amounts of shares. Chipotle Mexican Grill (CMG) faced allegations from the NLRB regarding pay raises for unionized employees, potentially leading to a formal complaint. Other holdings such as Lennar (LEN) and Nike (NKE) also recorded declines, contributing marginally to the overall performance of the ETF.