🛒 XLY Rises on U.S.–EU Trade Deal; Nike Surges After JPMorgan Upgrade | Retail Sector Insights
(XLY) is up 0.54% amid a new U.S.–EU trade deal and optimism over U.S.–China tariff truce talks. Nike leads gains after a JPMorgan upgrade citing stronger sales and margins, with shares jumping to \$78.60. Tesla, Amazon, Home Depot, and Lowe’s also contributed to the fund’s rise.
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Monday, July 28
XLY [+0.6%]
Consumer Discretionary Select Sector SPDR Fund (XLY)
The Consumer Discretionary Select Sector SPDR Fund (XLY) is currently experiencing a daily return of approximately 0.54%, attributed to a significant trade agreement between the U.S. and the European Union, which imposes a 15% tariff on most EU goods. This development is expected to enhance consumer discretionary spending. Additionally, optimism surrounding an extended tariffs truce between the U.S. and China may further stabilize economic conditions affecting retail sales. Among XLY's holdings, notable contributors include Tesla, Amazon, Nike, Home Depot, and Lowe's, with Nike shares surging after an upgrade from JPMorgan, which raised its price target and cited improved sales and margin forecasts. Nike shares were trading around $78.60, reflecting a substantial increase at the time of publication.