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Consumer discretionary stocks jump following July inflation data

Yahoo Finance's Brian Cheung breaks down the sectors seeing the most gains following July CPI data.

Video Transcript

[MUSIC PLAYING]

BRIAN CHEUNG: Well, again, it is a green day on Wall Street. And it's a basket case of sectors moving higher this morning. If we take a look at some of the individual types of sectors moving again, you can see, even though energy is lagging-- it was actually negative earlier in the morning. You can see it's XLY, which is consumer discretionary, communication, XLC, and materials, XLB, dragging the market higher, each up almost 3%. Continue to watch that.