Consumer Discretionary Sector ETF Sees Significant Outflow

The Consumer Discretionary Select Sector SPDR Fund (XLY) has experienced a $433.4 million outflow, a 1.9% decrease in shares outstanding week-over-week. Among the fund's holdings, Lowe's Companies Inc (LOW) is down about 1%, General Motors Co (GM) is down about 0.2%, and Ross Stores Inc (ROST) is lower by about 1.2%.

The Consumer Discretionary Select Sector SPDR Fund (XLY) experienced a $433.4 million outflow, a 1.9% decrease in shares outstanding week-over-week. This decline was driven by a mix of corporate news and market trends affecting some of the fund's key holdings.

Among the fund's holdings, Lowe's Companies Inc (LOW) was down about 1%, General Motors Co (GM) was down about 0.2%, and Ross Stores Inc (ROST) was lower by about 1.2%. These movements reflect the broader market sentiment towards these companies.

Ross Stores, Inc. (ROST) reported a 31.17% drop in trading volume on July 11, 2025, placing it at the 331st position in terms of trading volume for the day. Despite this, the stock price increased by 0.24%. The company is set to host its second quarter earnings call on August 20, 2025, which is expected to provide insights into its financial performance and strategic initiatives [2].

Ross Stores, Inc. has also announced plans to expand its e-commerce presence and launch a new loyalty program, "Ross Rewards." These moves aim to diversify revenue streams and increase customer retention. The company expects a 20% increase in online sales in the next fiscal year [2].

In other corporate news, Amazon's (AMZN) four-day Prime Day event kicked off with a 14% drop in sales compared to the start of last year's event, according to Bloomberg [1]. Additionally, the Canadian Competition Bureau obtained a court order to probe Amazon's Marketplace Fair Pricing Policy, which could impact its operations in Canada [1].

Conagra Brands (CAG) is expected to report weak fiscal Q4 results amid a challenging consumer environment, according to RBC Capital Markets. Despite this, Conagra shares were up 1.2% [1].

Hershey (HSY) appointed Kirk Tanner as CEO, effective Aug. 18. Tanner most recently served as CEO of Wendy's (WEN). Hershey shares were falling 3.1%, and Wendy's retreated 0.6% [1].

TopBuild (BLD) shares rose 4% after the company agreed to buy Progressive Roofing in an $810-million cash deal. This acquisition will expand TopBuild's portfolio to include commercial roofing services [1].

References:
[1] https://finance.yahoo.com/news/sector-consumer-stocks-lower-afternoon-195105843.html
[2] https://www.ainvest.com/news/ross-stores-trading-volume-drops-31-17-284-million-ranking-331st-2507/