Tech, Consumer Discretionary Stocks Fall, Utilities Sector Outperforms On Surprisingly High Inflation, Jobless Claims Data – SPDR Select Sector Fund – Utilities (ARCA:XLU) – Benzinga

Tech and consumer discretionary stocks experienced a decline, while the utilities sector outperformed following the release of surprisingly high inflation and jobless claims data. The SPDR Select Sector Fund for Utilities (ARCA:XLU) saw gains in the midst of the market changes. The unexpected increase in inflation and jobless claims had an impact on various sectors, with utilities standing out as a strong performer. Investors should keep a close eye on these developments as they navigate the current market conditions.