🛒 XLY Rises 1% Amid Strong Jobs Report; Tesla, Nike, and Starbucks Boost Performance | Retail Sector Insights
Notably, significant movements among the fund's holdings include Tesla, Home Depot, Nike, Lowe's, and Starbucks, all contributing positively to its performance.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Friday, May 2
XLY [+1.0%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has risen by 1.0% during market hours on Friday, coinciding with improved investor sentiment following the U.S. Nonfarm Payrolls report, which revealed an increase of 177,000 jobs in April, surpassing expectations. This positive employment data has contributed to gains across major equity indices, including sectors heavily represented in XLY. Notably, significant movements among the fund's holdings include Tesla, Home Depot, Nike, Lowe's, and Starbucks, all contributing positively to its performance. Nike declared a quarterly dividend of $0.40, while Starbucks experienced a recovery after a midweek decline due to disappointing Q2 results. The S&P 500 Index also saw an increase of 1.56%, reflecting broader market sentiment that may influence XLY's performance today.