Max Chen / ETF Trends
Amazon’s Q1 Loss Drags Down Consumer Discretionary ETFs – Amazon.com (NasdaqGS: AMZN) shares plunged on Friday, dragging down consumer discretionary sector-related exchange traded funds. On Friday, the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) fell 3.4%, theVanguard Consumer Discretionary (NYSEArca: VCR) dropped 3.4%, and theFidelity MSCI Consumer Discretionary Index (NYSEArca: FDIS) was down 3.4%. Meanwhile, Amazon shares declined 13.7%. …
