🛒 XLY Rises Following Strong U.S. Job Growth; Lululemon and Ulta Beauty Fuel Optimism Around Consumer Spending | Retail Sector Insights
(XLY) has risen by 1.4% today, continuing a robust performance that has seen an increase of nearly 4% this week. The recent U.S. non-farm payrolls report showed an unexpected gain of 227,000 jobs in November, which may influence Federal Reserve policy on interest rates.
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Friday, December 6
XLY [+1.4%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) has risen by 1.4% today, continuing a robust performance that has seen an increase of nearly 4% this week. The recent U.S. non-farm payrolls report showed an unexpected gain of 227,000 jobs in November, which may influence Federal Reserve policy on interest rates. This comes amidst a slight rise in the unemployment rate to 4.2%. Lululemon Athletica Inc., a significant holding within XLY, reported strong third-quarter results, exceeding earnings expectations and raising its full-year guidance. The company also announced a substantial increase to its stock repurchase program, prompting analysts to raise their price targets. Meanwhile, social media discussions highlighted strong leisure demand and stable airline capacity, suggesting continued consumer spending resilience.