Consumer Spending Drives Stock Market to Record Highs
Consumer Discretionary Select Sector SPDR
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The consumer-discretionary exchange-traded fund is most heavily weighted by Amazon
The the retail ETF, which is equal weighted, contains CarMax
The chart below shows that both ETFs have outperformed SPDR S&P 500
Consumer stocks were aided this week by a report that the U.S. consumer-confidence figure improved unexpectedly, reaching its highest level since October 2007. The Conference Board said on Tuesday that its index of consumer confidence rose to 92.4 in August from a reading of 90.3 in July.