Consumer Discretionary Stocks Are Rallying. Tesla and Caesars Entertainment Are Leading the Way.

The Consumer Discretionary Select Sector SPDR ETF was the leader among the major S&P 500 sector exchange-traded funds. The consumer discretionary sector was led by Tesla, which surged nearly 12% following the firm’s tentative approval in China for advanced driver-assistance features in its cars, according to The Wall Street Journal. Caesars Entertainment was up 4.4%. The Utilities Select Sector SPDR ETF was up 1.1%, while the Real Estate Select Sector SPDR Fund was up 0.8%.