Tesla Is Weighing Down Consumer Discretionary ETFs
20/5 21:30
Tesla (NasdaqGS: TSLA) shares plunged Friday, dragging down consumer discretionary sector-related exchange traded funds. On Friday, the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) fell 3.6%, the Vanguard Consumer Discretionary (NYSEArca: VCR) dropped 3.3%, and the Fidelity MSCI Consumer Discretionary Index (NYSEArca: FDIS) was down 3.5%. Meanwhile, Tesla shares declined 9.5% on Friday. TSLA makes up 20.7% [...] Read more at ETFtrends.com....