$XLY

Tesla stock rises as market risk appetite improves; company addresses 218,868-vehicle recall via software update while showing uneven European sales growth.

Bullish sentiment among major institutional investors managing $4.3T in assets drops sharply to 35% following Iran War tensions, though remains above 2025 tariff crisis levels.

Consumer discretionary stocks failed to confirm brief market relief rally despite softer Iran tensions and strong jobs data, signaling investor skepticism amid renewed geopolitical risks.

Nasdaq 100 enters correction territory down 10% from January highs as 30-year Treasury yields near 5% and Fed rate hike odds spike to 50%.

Trump claims ceasefire progress with Iran, but Tehran denies talks and sets incompatible conditions. Prediction markets assign just 15-37% odds of deal by mid-April.

Pentagon requests $200B for Middle East conflict; Iran warns costs represent only initial phase. First six days cost $11.3B, raising questions about fiscal sustainability and consumer economic impact.

Lowe's stock fell 5.5% despite beating quarterly earnings, as cautious 2026 guidance signaling weak housing market demand disappointed investors seeking stronger growth forecasts.