Whether these stocks can snap out of that slump may hinge on what a clutch of high-profile names in the sector has to say about the health of consumer spending next week.
The S&P 500 consumer discretionary sector index .SPLRCD is down 1.1 percent since the end of 2013, the worst performance of any of the 10 macro sectors so far this year, while the benchmark index is up 6.2 percent.
Lot of the Forth
"It's one of the sectors that has really had a lot of the froth burnt out of it," said Quincy Krosby, market strategist at Prudential Financial, which is based in Newark, New Jersey. "Worries over the strength of the consumer, particularly in the lower end and middle, is ... reflected in the shares."
With turmoil in Iraq and rising oil prices, fuel costs during the U.S. summer travel season may be chief among those concerns, she said. That makes companies' third-quarter forecasts important.
[Read Full Article: Wall Street Week Ahead: Hoping for a consumer discretionary turnaround]