Amazon Q2 Earnings Outperform And ETFs Follow

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Amazon (AMZN) rallied back up +17.04% to end the week. The boost to the stock also helped consumer discretionary ETFs as the Consumer Discretionary Select Sector SPDR (XLY) grew +3.7%, the Vanguard Consumer Discretionary (VCR) jumped +3.6%, and the Fidelity MSCI Consumer Discretionary Index (FDIS) rose +3.5%.

ETF Newz Says:

The sudden increase comes after Amazon released their Q2 earnings which outperformed expectations by 7%.


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