Streetbeat News

XLP

Consumer Staples Select Sector SPDR Fund

https://www.ssga.com/us/en/intermediary/etfs/funds/the-consumer-staples-select-sector-spdr-fund-xlp

Industry

Asset Management

In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Consumer Staples companies by the GICS®. It is non-diversified.

Open

79.15

Mkt cap

17B

Volume

9.9M

High

79.58

P/E Ratio

21.99

52-wk high

84.53

Low

78.88

Div yield

0.03

52-wk low

72.93

U.S. stocks rallied on Monday, recovering from last week's sell-off. Palantir surged on S&P 500 inclusion, while airline stocks and ETFs like JETS rebounded. Anticipation of Apple's event and key inflation data fueled optimism. Commodities and cryptocurrencies also saw gains.

Portfolio Pulse from Piero Cingari

September 09, 2024 | 5:35 pm

The U.S. stock market experienced a significant downturn due to disappointing August jobs data, with major indices dropping over 1%. The Nasdaq 100 faced its worst week in two years, heavily impacted by a slump in semiconductor stocks. The iShares Semiconductor ETF and Nvidia saw notable declines. Investors moved towards cash and bonds, while commodities and cryptocurrencies also suffered losses.

Portfolio Pulse from Piero Cingari

September 06, 2024 | 5:46 pm

The S&P 500 fell below 4,500 points due to cooling jobs data, while Tesla led tech gains. Natural gas prices spiked, and major indices saw declines. Notable stock movements included Tesla's 4% rise and Verizon's acquisition of Frontier Communications.

Portfolio Pulse from Piero Cingari

September 05, 2024 | 5:35 pm

Wall Street saw a slight rebound on Wednesday after a sharp sell-off, with chipmakers recovering and Tesla rising on strong sales data from China. Dollar Tree plummeted due to poor earnings, while ASML fell after a downgrade. Expectations for a Federal Reserve rate cut increased.

Portfolio Pulse from Piero Cingari

September 04, 2024 | 5:14 pm

The first trading session of September saw a significant selloff in risk assets, with major indices and tech stocks dropping sharply. The VIX surged, indicating increased market anxiety. The yen strengthened, while oil prices fell below $70. Treasury yields dropped amid weak U.S. manufacturing data, and several major tech stocks experienced substantial declines.

Portfolio Pulse from Piero Cingari

September 03, 2024 | 6:01 pm

Walmart Inc. (NYSE:WMT) is trading higher premarket after announcing new initiatives for the holiday season, including category expansion and multichannel fulfillment. The company also sold its stake in JD.com Inc. (NASDAQ:JD) and reported strong earnings. Investors can gain exposure through ETFs like SPDR Select Sector Fund – Consumer Staples (NYSE:XLP) and Fidelity MSCI Consumer Staples Index ETF (NYSE:FSTA).

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 1:39 pm

Wall Street showed mixed performance as investors await key events, including Nvidia's earnings and a crucial inflation report. Cruise lines rallied, while oil prices and energy stocks fell. Notable stock movements included Paramount Global's decline and CAVA Group's drop due to insider selling.

Portfolio Pulse from Piero Cingari

August 27, 2024 | 5:40 pm

Goldman Sachs analyst Kate McShane highlights Foot Locker's digital rebound with increased app downloads and Costco's new membership scanning rules. Foot Locker's app downloads have shown a positive trend, while Costco's membership fees remain crucial to its business model.

Portfolio Pulse from Lekha Gupta

August 26, 2024 | 5:43 pm

The Dow Jones reached record highs amid geopolitical tensions, while tech stocks, especially semiconductors, fell. Oil prices surged due to Middle East tensions, impacting markets. PDD Holdings dropped 29% on weak results, while Petrobras rose 6% after an upgrade.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 5:30 pm

Stocks trimmed gains on Wednesday due to a downward revision in nonfarm payrolls, indicating a weaker labor market. Target surged on strong earnings, while Macy's fell after lowering revenue guidance. Investors are anticipating the Fed's July meeting minutes.

Portfolio Pulse from Piero Cingari

August 21, 2024 | 5:47 pm

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