XLY is trading at $111.16 (+3.17%) as markets rally following President Trump's announcement of a five-day postponement of military strikes on Iranian energy infrastructure.
- The de-escalation immediately relieved investor concerns about energy shocks and inflation, allowing risk assets to recover sharply.
- Consumer discretionary stocks benefited from a rotation back into growth-sensitive sectors, led by major holdings Amazon (22.65% weight) and Tesla (20.17% weight).
- The broader market sentiment improved significantly, with the S&P 500 climbing 1.48% as recession fears faded.