In the week ending October 17, the Consumer Discretionary sector (NYSEARCA:XLY) edged out the broader market, rising 0.24% compared to the S&P 500’s 0.14% gain. Despite this recent strength, the sector’s 4.49% year-to-date return remains considerably behind the S&P 500’s overall 13.30% performance.
Top S&P 500 consumer discretionary gainers:
Best Buy Co. (NYSE:BBY) +13.18% recovering losses fueled by U.S.-China trade concerns. Since tariffs on imported electronics force the company to raise prices or absorb costs, Best Buy has already reduced its annual revenue and profit outlook.
Starbucks (NASDAQ:SBUX) +8.79%
Mohawk Industries (NYSE:MHK) +8.35%
Tapestry (NYSE:TPR) +7.95%
Airbnb (NASDAQ:ABNB) +6.53%
Notable Consumer Discretionary ETFs include: (NYSEARCA:XLY), (NYSEARCA:VCR), (NYSEARCA:FXD), (NYSEARCA:FDIS), (NYSEARCA:RSPD), and (NYSEARCA:RXI).
More on The Consumer Discretionary Select Sector SPDR® Fund ETF
- XLY: Don’t Expect Consumer Spending To Notably Recover Until 2026
- XLY: An ETF That Tracks Consumer Strength And Weakness
- XLY: Economic Growth And Rate Cuts Are Likely To Back Consumer Discretionary Sector
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