State Street Consumer Discretionary Select Sector SPDR ETF News - April 24, 2026
Tesla Triples 2026 Spending to $25B, Accelerating AI and Cybercab Pivot
Tesla increased its 2026 capital expenditure forecast to more than $25 billion. This figure nearly triples the company's projected spending for 2025. The...
Tesla triples 2026 budget to $25B, fueling AI and Optimus robot pivot
Tesla increased its 2026 capital expenditure forecast to over $25 billion. This target represents a nearly threefold increase from projected 2025 spending...
Tesla begins Cybercab production, fueling a $25 billion AI shift
Tesla has started production of the Cybercab, a fully autonomous vehicle featuring no steering wheel or pedals. The launch signals a strategic shift from...
Tesla begins Cybercab production, pivoting toward AI and robotaxi services
Tesla officially started production of the Cybercab, a vehicle designed for autonomous ride-hailing. CEO Elon Musk confirmed the move to transform Tesla into...
Michigan Consumer Sentiment Hits Record Low 47.6, Driven by Iran Conflict
The University of Michigan’s Consumer Sentiment Index fell 11% in April 2026. The final reading reached a record low of 47.6. This figure significantly missed...
Tesla hikes spending to $25B, fueling AI and robotaxi pivot
Tesla confirmed it will increase its 2026 capital expenditure forecast to more than $25 billion. The budget prioritizes long-term projects in artificial...
U.S. Retail Sales Surge 1.7%, Prompting Wall Street GDP Upgrades
U.S. retail sales rose by a seasonally adjusted 1.7% in March. This represents the largest increase since March 2025. The growth significantly exceeded the...
University of Michigan Sentiment Plunges 11%, Pressuring Discretionary Stocks and XLY
The University of Michigan’s final consumer sentiment index for April dropped to 47.6. This represents an 11% decline from the 53.3 level recorded in March....
University of Michigan Sentiment Index Slumps to 47.6, Squeezing Retail Outlook
The final University of Michigan Consumer Sentiment index for April fell to 47.6. This result marks an 8.8% decline compared to the previous year. The final...