🛒 XLY Rises as Amazon Leads Gains, Tesla & Booking Holdings Boost Sector | Retail Sector Insights
(XLY) has risen over 2.6% amid broader market gains, outperforming other sector ETFs. This increase was supported by a notable rally in Amazon.com Inc., which surged approximately 6% following its earnings report that revealed net sales of $158.9 billion and earnings per share of $1.43.
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Friday, November 1
XLY [+2.6%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has risen over 2.6% amid broader market gains, outperforming other sector ETFs. This increase was supported by a notable rally in Amazon.com Inc., which surged approximately 6% following its earnings report that revealed net sales of $158.9 billion and earnings per share of $1.43. The U.S. economy added only 12,000 jobs in October, significantly below expectations, which has heightened anticipation for potential Federal Reserve interest rate cuts. Contributing to the ETF's performance were Tesla and Booking Holdings, both of which saw positive movements, while Tesla's upcoming Cybercab launch is anticipated to provide a competitive edge in the market. Additionally, the S&P 500 Index has increased by 1.16%, reflecting broader market sentiment that may be influencing XLY's performance.