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For the week ending May 23, the S&P 500 Consumer Discretionary sector (NYSEARCA:XLY) saw a decline in price of 3%, close to the S&P 500’s (SP500) 2.7% fall. However, the sector’s year-to-date performance is considerably weaker, down 5.3%, which is notably below the benchmark S&P 500’s (SP500) 0.67%.
Overall, it was a topsy-turvy week on Wall Street with losses, as concerns over fiscal debt and U.S. President Donald Trump’s latest salvo of tariff threats weighed on sentiment.
Top S&P 500 consumer discretionary gainers:
- AutoZone (NYSE:AZO) +1.06%. Evercore ISI initiated coverage with an Outperform Tactical Trading call ahead of the retailer’s FQ3 earnings report.
- Booking (NASDAQ:BKNG) +0.30%
- eBay (NASDAQ:EBAY) +0.11%
Top S&P 500 consumer discretionary losers:
- Deckers Outdoor (NYSE:DECK) -21%, facing its steepest drop since January after weak guidance and slowing sales expectations for its flagship HOKA brand puts the stock on track for its first weekly loss in five weeks.
- Ross Stores (NASDAQ:ROST) -10.2%, as it withdraws annual guidance amid tariff uncertainty.
- Norwegian Cruise Line (NYSE:NCLH) -10.1%
- Caesars Entertainment (NASDAQ:CZR) -9.8%, announced sports betting launch through a partnership with the Coquille Indian Tribe in Coos Bay. It was also added as a new long idea at Hedgeye.
- Williams-Sonoma (NYSE:WSM) -9.2% as the company reiterated flat to 3% comp revenue growth for 2025 while advancing AI and supply chain efficiencies.
Notable Consumer Discretionary ETFs include: (NYSEARCA:XLY), (NYSEARCA:VCR), (NYSEARCA:FXD), (NYSEARCA:FDIS), (NYSEARCA:RSPD), and (NYSEARCA:RXI).
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