🛒 XLY Gains as Tesla, Amazon, and Royal Caribbean Drive Momentum | Retail Sector Insights
(XLY) experienced a price increase of 0.8% during market hours on Tuesday. This follows a previous gain of 0.45% reported yesterday, amid a broader market where the S&P 500 and Nasdaq saw gains despite declines in nine of the eleven S&P sectors.
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Tuesday, December 10
XLY [+0.8%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) experienced a price increase of 0.8% during market hours on Tuesday. This follows a previous gain of 0.45% reported yesterday, amid a broader market where the S&P 500 and Nasdaq saw gains despite declines in nine of the eleven S&P sectors. Notably, the Communication Services sector rose by 1.5%. Social media discussions highlighted positive trends for XLY across all time frames. Key holdings contributed significantly to XLY's performance, with Tesla Inc. seeing strong sales momentum in China, prompting optimistic projections and a price target increase from Morgan Stanley. Amazon.com secured exclusive rights for Warhammer 40,000 adaptations and plans a quick commerce service in India. Royal Caribbean Cruises had its price target raised by Goldman Sachs to $275 per share, reflecting overall positive sentiment among analysts.