Consumer Discretionary Stocks Fall Amid Rising Interest Rates
HD Home Depot Inc
$286.69 +1.97%
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- 1Rising interest rates are impacting consumer discretionary (XLY) stocks.
- 2The 10-year Treasury yield reached 5.30% on Monday.
- 3The S&P 500 Consumer Discretionary ETF fell approximately 8% during the same period.
So what's the key point?
Stock prices for companies related to consumer spending have dropped as interest rates rose. As the Treasury yield climbed to 5.30%, related stocks fell by about 8%.
Source Yahoo Finance · View original ↗
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