US Consumer Discretionary ETFs Rise on Strong Returns from Amazon and Tesla

On June 22, 2023, the US Consumer Discretionary ETF market gained 1.60% in daily returns, signaling a positive trend for this 775 Mn EUR market that comprises 4 ETFs.

On June 22, 2023, the US Consumer Discretionary ETF market showed a positive performance with a gain of 1.60% worth 775 Mn EUR, featuring 4 ETFs. The market movement was led by tech and auto sectors. Some of the ETFs that reflected this movement were Xtrackers MSCI USA Consumer Discretionary UCITS ETF (XUCD) with a 1.50% daily return, iShares S&P 500 Consumer Discretionary Sector UCITS ETF (IUCD) with a 1.53% daily return, and SPDR S&P U.S. Consumer Discretionary Select Sector UCITS ETF (SXLY) with a daily return of 1.27%.

The momentum behind the ETFs was driven by the positive performance of companies like Amazon.com Inc Ord (AMZN) with a 4.26% daily return and 2.39% over one week, Tesla Ord (TSLA) with a 1.98% daily return and 3.40% over one week, Booking Holdings Ord (BKNG) with a 1.29% daily return and 0.23% over one week, and Ford Motor Ord (F) with a 1.21% daily return. These companies and their corresponding sectors played a crucial role in the day’s overall performance.

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