Tesla, Amazon and other consumer discretionary stocks turn higher after jobs data

Shares of consumer discretionary companies reversed higher in premarket trading Friday following data showing the jobs market moderated in October, fueling hopes that interest rates may have peaked. The Consumer Discretionary Select Sector ETF XLY, +2.61% rose 0.7%, after being down 0.3% just before the data. Among some of the ETF’s more active components, shares of Tesla Inc.

rallied 1.4% toward a fourth straight gain, after being down 0.1% just before the jobs numbers; of Amazon.com Inc. gained 0.6% after a pre-data loss of 0.4%; of Ford Motor Co. F, +2.32% tacked on 1.%, after being up 0.4% pre-data; of Carnival Corp. CCL, +5.31% advanced 1.7%, compared with a pre-data gain of 0.4%; and of Starbucks Corp.

tacked on 0.1%, after being down 0.2% before the data. Meanwhile, the SPDR S&P 500 ETF SPY, +1.92% turned up 0.4%, from a dip of 0.1% pre-data.

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NRG Energy’s stock surges toward a 1-year high after Guggenheim turns bullish a day before earnings are dueTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
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Stock market’s Arms Indexes show buying behavior is calm, collectedTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
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