Amazon, Home Depot stocks swing to losses after weak retail sales data – MarketWatch

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Shares of retailers were knocked lower in premarket trade Wednesday, after January data showed a surprise decline in retail sales. The SPDR Consumer Discretionary Select Sector ETF XLY, +0.52% shed 0.9%, after trading up about 0.1% before the data was released, at 8:30 a.m. ET. Among the ETF’s most heavily-weighted components, shares of Amazon.com Inc. AMZN, +2.04% dropped 0.9%, reversing a pre-data gain of about 0.7% and Home Depot Inc.’s stock HD, -0.18% went from a gain of 0.6% to loss of 1.2% after the data. Elsewhere, WalMart Inc. shares WMT, +1.44% went from a gain of 0.4% to a loss of 0.7% and Target Corp.’s stock TGT, +2.78% rose 0.2%, but pared a pre-data gain of 1.5%. Meanwhile, S&P 500 futures ESH8, -0.72% went from a gain of about 13.5 ponits to a decline of 28.7 points.