đź›’ XLY Gains on U.S.-Japan Trade Deal and Consumer Resilience | Retail Sector Insights
(XLY) rose 0.5% Wednesday, buoyed by a new U.S.-Japan trade agreement cutting tariffs and unlocking \$550B in Japanese investment. Top ETF contributors included GM, Amazon, Tesla, Nike, and Home Depot, with GM exceeding revenue estimates despite YoY earnings decline.
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Wednesday, July 23
XLY [+0.5%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has seen a price increase of 0.5% during Wednesday's market hours. A recent trade agreement between the United States and Japan, which reduces tariffs on Japanese goods from 25% to 15%, is expected to enhance market sentiment. This deal includes $550 billion in investments from Japan into the U.S., potentially creating numerous jobs. Social media discussions highlight that Capital One, along with JPMorgan, views the U.S. consumer as a "source of strength," citing robust labor markets and improving payment rates. Among XLY's holdings, notable contributors include General Motors, which reported strong electric vehicle sales and exceeded revenue expectations despite a decline in year-over-year earnings. Other significant performers include Home Depot, Amazon, Tesla, and Nike, each contributing positively to the ETF's overall performance.