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The S&P 500 Consumer Discretionary sector has reached its highest level since March 2022, rising by 2.1%. This marks the best day for the sector relative to the S&P 500 since last October. Despite more declining stocks (327) than advancing (174) in the S&P 500, the Consumer Discretionary sector, represented by $XLY, gained 1.45%, with notable contributions from $AMZN and $TSLA. This is the second consecutive day of gains for the sector. Only 4% of the sector's members reached a new 52-week high, compared to 34% in March.
In Today's DailyRip... Investors Left With Lots To Chew On The major indexes experienced a relatively muted day, with certain areas of big tech buoying the broader market. Meanwhile, a bounce in bonds helped to boost small-cap stocks, which are still trying to find direction.… https://t.co/pT0HbXNsmb https://t.co/IxQ5n4sis5
Cons Staples led to downside today as YTD laggards REITs and Cons Discr outperformed; Comm Serv did well and is now almost matching Tech’s YTD gain … small caps saw nice bounce today and Russell 2000 is now back in positive territory YTD (but still down this month) https://t.co/HI6KJt9YMT
S&P 500 Consumer Discretionary sector hit a new 52-week high yesterday but only 4% of members rose to a new 52-week high (most recent peak was 34% in March) https://t.co/xXOJ5106ic