The Tale of Two ETFs
As the trading day unfurled on Tuesday, the Consumer Discretionary Select Sector SPDR Fund ETF (XLY) emerged victorious, flaunting an impressive 1.2% surge that left its ETF peers in the dust. Notably, the standout performers within this ETF included Tesla (TSLA) with an uplifting gain of 8.2% and Ulta Beauty (ULTA) sashaying up by 2.2%.
On the Flip Side
In contrast, the iShares Currency Hedged MSCI EAFE ETF (HEFA) stumbled through Tuesday’s afternoon trading, recording a dismal 1.9% downturn. This lackluster performance was underscored by lackluster showings from Monday.com (MNDY), slumping by 1.5%, and Global-e Online (GLBE), dipping by 1.4%.
