Spending on durable goods, which include automobiles, rose 1.1% after adjusting for inflation, reports Sho Chandra for Bloomberg.
Meanwhile, the consumer sectors are being supported by increased spending as Americans enjoy improved employment rates, cheap gasoline and rising home-equity. Moreover, retailers are also capitalizing on the increased foot-traffic as shoppers take advantage of holiday discounts.
Consumer Discretionary Select Sector SPDR
For more information on the consumer sector, visit our consumer discretionary category.
Max Chen contributed to this article.