CONSUMER DISC (XLY)

U.S. stocks rebounded sharply on Wednesday, fully erasing last Friday's losses, as upbeat corporate earnings and renewed investor optimism outweighed concerns over escalating trade tensions.

Market sentiment is cautious as investors balance strong earnings and macro concerns. Palantir rises 8% and AI ETFs see gains, while defensive bets are in demand.

Carvana's stock (CVNA) has made a dramatic comeback, soaring 11,000%+ to an all-time high and providing opportunities for ETFs to ride the wave.

Several brands have stockpiled goods in the U.S. ahead of the tariff implementation on Aug. 1.

State Street Investment Management introduces 11 Select Sector SPDR Premium Income ETFs, combining sector exposure with covered-call approach for income.

The results, which showed some pockets of improvement, such as growth in the China business, cast doubt over the company's turnaround efforts.

Wall Street looked set to close the week on a high note, with large-cap benchmarks pushing higher in Friday's midday trading as optimism over corporate earnings and progress on global trade talks provided support for risk assets.

As Tesla is set to announce Q2 results on Wednesday, a herd of ETFs with high concentrations in the EV titan is already revving up.

The research firm outlined the benefits of five stocks, according to a CNBC report.

Official data released last week showed that U.S. retail sales rose 0.6% in June, outpacing expectations and reversing the 0.9% decline in May.