XLY

SPDR Select Sector Fund - Consumer Discretionary

169.91
USD
2.26%
169.91
USD
2.26%
133.04 215.06
52 weeks
52 weeks

Mkt Cap 17.82B

Shares Out 104.90M

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Consumer Sector Update for 06/06/2022: GOTU, SBUX, H, XLP, XLY

Consumer stocks were advancing premarket Monday. The Consumer Staples Select Sector SPDR Fund (XLP) was 0.53% higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) was climbing past 1% recently. Gaotu Techedu (GOTU) shares were gaining more than 17% after it reported Q1 non-GAAP earnings of 0.35 renminbi ($0.05) per American depositary share, compared with a non-GAAP loss of 5.20 renminbi per ADS a year earlier. Starbucks (SBUX) said Howard Schultz will continue to serve as interim CEO of the company through fiscal Q1 of 2023. The company's board expects to appoint a new CEO this fall. Starbucks shares were up more than 2% recently. Hyatt Hotels (H) shares were climbing past 1% after the company said comparable revenue per available room, or RevPAR, increased 2% in May compared with April, boosted by higher occupancy, mainly in urban markets. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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