Consumer discretionary sector closes at highest level since 2022
The consumer discretionary sector popped 1.8% to close at its highest level since January 2022.
A 10.2% jump in Tesla shares helped lift the sector. The electric vehicle maker surged as its second-quarter vehicle production and delivery reports surpassed analysts’ expectations.
E-commerce giant Amazon also contributed to the sector’s gains, rising 1.4% and hitting a new all-time high.
Consumer discretionary was the outperformer of the 11 sectors in the S&P 500 on Tuesday, boosting the broad market index to closing record of 5,509.01 and its first close above the 5,500 threshold.
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