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home / news releases / XLY - XLY: Consumer Cooling

XLY - XLY: Consumer Cooling

SPDR Select Sector Fund - Consumer Discretionary

2024-05-15 14:59:12 ET

Summary

  • The US economy is showing signs of slowing, particularly in consumer data and the consumer discretionary sector.
  • The Consumer Discretionary Select Sector SPDR Fund ETF is underperforming and is 17% below its 2021 high.
  • Weakness in the economy and labor market may continue, making it uncertain whether XLY is a compelling investment at this time.

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For further details see:

XLY: Consumer Cooling
Stock Information
Company Name: SPDR Select Sector Fund - Consumer Discretionary
Stock Symbol: XLY
Market: NYSE
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