---
title: "Tesla alone made consumer discretionary Friday's leading sector"
url: "https://etf.net/news/tesla-alone-made-consumer-discretionary-friday-s-leading-sector-2026-10-02"
published_at: "2026-10-02T21:01:21.743Z"
updated_at: "2026-10-02T21:01:21.743Z"
byline: "ETF.net Research"
---

# Tesla alone made consumer discretionary Friday's leading sector

Tesla's shares rose 4.7% on Friday, October 2, after the company beat a 461,974 delivery estimate, and State Street's consumer discretionary fund gained 1.1%.

By ETF.net Research. Published Oct 2, 2026.

Consumer discretionary led the eleven sector funds on Friday, October 2, and Tesla supplied most of that gain.

Chart: **Consumer discretionary** led the eleven sector funds

State Street's fund of the S&P 500's consumer discretionary companies, XLY, rose 1.1%. Tesla, 17.7% of the fund, rose 4.7% and contributed **0.82** percentage points of the move. Amazon is a larger slice, at 23.3%, and it rose 1.3%, adding 0.31 percentage points.

Tesla and Amazon together contributed 1.13 percentage points, more than the 1.11 percentage points from all 47 holdings. The other 45 were a net drag of 0.02 percentage points. Even with Amazon's gain, the holdings besides Tesla contributed 0.29 percentage points.

Tesla reported 486,532 vehicle deliveries for the third quarter. That beat the 461,974 consensus the company had compiled from analysts, and it fell short of the record 497,099 delivered a year earlier.

Ross Stores, Nike, TJX and Booking were the biggest drags in the fund. Nike fell 3.6% after quarterly revenue missed estimates.

Employers added 29,000 jobs in September, the Bureau of Labor Statistics said, against the 84,000 economists had expected. Unemployment was 4.2%, against an expected 4.1%. July and August together were 60,000 jobs lower than previously reported.

The Federal Reserve's target range is 3.75% to 4.00%, after an increase in September. CME FedWatch put the chance of an October increase at 17%, down from 66% on Friday, September 25.

Technology was next, and a fund of chip companies rose further than the broad technology fund. Vanguard's fund of US technology companies, VGT, rose 1.0%. VanEck's fund of semiconductor companies, SMH, rose 2.1%.

Nvidia, the largest holding in SMH, rose 1.3%. The chip fund rose faster because Taiwan Semiconductor, Texas Instruments and Broadcom rose 3.0%, 4.4% and 3.3%.

Seagate and Western Digital each fell 10.2% after reports that Toshiba plans to double hard-drive production. Together they cost VGT 0.14 percentage points.

Ten of the eleven sector funds rose. State Street's S&P 500 fund, SPY, rose 0.74%. Invesco's fund of the same companies, each at the same weight, RSP, rose 0.33%, less than half as much.

Nvidia, Broadcom, Apple and Tesla added the most to SPY. iShares' Russell 2000 fund, IWM, which holds smaller US companies, rose 0.87%, more than SPY.

A few large stocks did more of the lifting inside the S&P 500 than the average company there. The day was not only those stocks.

Source: etf.net, https://etf.net/news/tesla-alone-made-consumer-discretionary-friday-s-leading-sector-2026-10-02. Please cite the page URL.