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September 01, 2020 1:41pm
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Consumer ETFs Retreat as Tesla Eyes Staff Cuts, Musk Warns of Outlook

Tesla Inc. (NasdaqGS: TSLA) plunged Friday, dragging down consumer discretionary sector-related exchange traded funds, after Elon Musk revealed plans to cut about 10% of salaried jobs. On Friday, the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) fell 2.9%, the Vanguard Consumer...
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