XLY is trading 3.4% up today following a robust earnings report from Amazon, the fund’s largest holding, which is lifting the broader consumer discretionary sector.
- Amazon’s nearly 10% after-hours surge is driving the sector's rally, effectively outweighing weaker sentiment surrounding Apple's results.
- Broader equity futures are also trending higher, supported by cooling PCE inflation and resilient consumer spending data that bolsters demand for discretionary goods and services.