The consumer discretionary sector declined amid a broader market sell-off as investors anticipate a key interest rate hike from the Federal Reserve. The Fed's two-day meeting began today, with markets pricing in a high probability of a rate increase to combat persistent inflation. Adding to investor concerns, the 10-year Treasury yield surged above 5% to its highest level since 2007, while crude oil prices remained elevated, signaling increased borrowing costs and potential pressure on consumer spending.