XLY News and Press, SPDR Select Sector Fund - Consumer Discretionary From 02/23/24

2024-02-23 17:34:00 ET The S&P 500 ( SP500 ) on Friday advanced 1.66% for the holiday-shortened week to end at 5,088.80 points, posting gains in three out of four sessions. Its accompanying SPDR S&P 500 Trust ETF ( NYSEARCA: SPY ) added 1.67% for the week......

2024-02-23 12:48:06 ET More on the Markets Wall Street rally loses steam after S&P hits historic 5,100 level; Dow, Nasdaq mixed Wedbush sees 1995 moment for tech as AI revolution dawns UBS upped its year-end S&P 500 target to 5,200 Look Past Nvidia An...

2024-02-23 08:00:00 ET Summary Consumers are shifting spending to services like restaurants, travel, and concerts and away from goods. There are significant differences between spending on consumer discretionary and consumer staples. As more consumers utilize online shopping, ...

2024-02-21 03:24:00 ET Summary Total US ecommerce sales in Q4 jumped by 7.2% year-over-year to a record $325 billion, not seasonally adjusted, according to the Census Bureau today. At Walmart US, ecommerce sales soared by 17% year-over-year, while total Walmart US sales, including...

2024-02-21 03:03:00 ET Summary The LSEG U.S. Retail and Restaurant Q4 earnings index, which tracks changes in the growth rate of earnings within the sector, is expected to show a 33.7% growth over last year’s levels. Within the Broadline Retail sector, Amazon already record...

2024-02-19 09:35:00 ET In a recent fourth quarter earnings season tracking report, J.P. Morgan said that 78% of S&P500 companies in U.S. that have reported beat profit estimates, representing a growth of 5% year-over-year.... Read the full article on Seeking Alpha For furthe...

2024-02-19 02:13:55 ET Summary The consumer discretionary sector has slowed post-COVID recovery as inflation has weighed on consumer spending growth. Elevated valuations and negative growth outlooks for top holdings in the Consumer Discretionary ETF raise concerns. Consumer sp...

2024-02-17 06:51:30 ET Summary PDD Holdings has surged since the pandemic, growing sales and profits like a weed on the back of its well-positioned portfolio of ecommerce apps. With a unique buying model, a strong balance sheet, and recent success in growing Temu internationally, ...

2024-02-17 02:40:00 ET Summary This week was particularly trying, and most of all for the masses tethered to the “6 in ’24” narrative proclaiming six Fed funds rate cuts in 2024. Many of the categories that make up typical household budgets saw price gains in ...

2024-02-16 18:46:00 ET The S&P 500 ( SP500 ) on Friday retreated 0.42% for the week to end at 5,026.61 points, posting losses in three out of five sessions. Its accompanying SPDR S&P 500 Trust ETF ( NYSEARCA: SPY ) slipped 0.34% for the week.... Read t...