Bank of America data shows consumers trade down as inflation strains U.S. household budgets
Published . Updated .
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This report is about retail and consumer goods and inflation and prices.
Directly affected
- BAC Bank Of America-10.5% 30d
Named in this report.
Indirectly affected
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.
- XLY Consumer Discretionary Select Sector SPDR+5.7% 30d
Consumer Discretionary Select Sector SPDR: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.
- TIP iShares TIPS Bond ETF+1.1% 16d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XLF Financial Select Sector SPDR+1.6% 16d
Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story.
- WMT Walmart+18.8% 30d
Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
- AMZN Amazon.com+6.4% 30d
Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
- COST Costco Wholesale+18.6% 30d
Costco Wholesale (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
- TGT Target-1.0% 30d
Target (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BAC | -0.84% | -0.69% | base | after close | after close | after close | after close |
| XRT | +1.88% | +1.40% | base | after close | after close | after close | after close |
| XLY | +0.82% | +0.83% | base | after close | after close | after close | after close |
| TIP | +1.37% | +0.64% | base | after close | after close | after close | after close |
| XLF | -1.18% | -0.10% | base | after close | after close | after close | after close |
| WMT | -1.96% | -1.88% | base | after close | after close | after close | after close |
| AMZN | +0.13% | -0.13% | base | after close | after close | after close | after close |
| COST | -3.62% | -1.75% | base | after close | after close | after close | after close |
| TGT | +2.76% | +0.77% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Bank of America data shows consumers trade down as inflation strains U.S. household budgets Traders Union
Source: Traders Union
Price since this story was published: Spdr Series Trust (XRT)
| Company | When | Move | Status |
|---|---|---|---|
| Amazon Com (AMZN) | three days earlier | -0.13% | final price |
| Amazon Com (AMZN) | five days earlier | +0.13% | final price |
| BAC | three days earlier | -0.69% | final price |
| BAC | five days earlier | -0.84% | final price |
| Costco Wholesale (COST) | three days earlier | -1.75% | final price |
| Costco Wholesale (COST) | five days earlier | -3.62% | final price |
| Target (TGT) | three days earlier | +0.77% | final price |
| Target (TGT) | five days earlier | +2.76% | final price |
| Ishares Tr (TIP) | three days earlier | +0.64% | final price |
| Ishares Tr (TIP) | five days earlier | +1.37% | final price |
| Walmart (WMT) | three days earlier | -1.88% | final price |
| Walmart (WMT) | five days earlier | -1.96% | final price |
| Select Sector Spdr Tr (XLF) | three days earlier | -0.10% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -1.18% | final price |
| Select Sector Spdr Tr (XLY) | three days earlier | +0.83% | final price |
| Select Sector Spdr Tr (XLY) | five days earlier | +0.82% | final price |
| Spdr Series Trust (XRT) | three days earlier | +1.40% | final price |
| Spdr Series Trust (XRT) | five days earlier | +1.88% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 25 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 32 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 66 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 32 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 38 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 43 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN), worth $15,001 - $50,000 on 27 Oct 2026. That is 18 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN) (held by a spouse), worth $100,001 - $250,000 on 2 Oct 2026. That is 43 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 78 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 32 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 33 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 38 days before publication. Filed 5 Nov 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Series Trust (XRT)
Companies carried with this story
- XRT Spdr Series Trust
In “Bank of America data shows consumers trade down as inflation strains U.S. household budgets,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story
- XLY Select Sector Spdr Tr
For “Bank of America data shows consumers trade down as inflation strains U.S. household budgets,” Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence. Reason on file: Consumer Discretionary Select Sector SPDR: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story
- TIP Ishares Tr
In “Bank of America data shows consumers trade down as inflation strains U.S. household budgets,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XLF Select Sector Spdr Tr
In “Bank of America data shows consumers trade down as inflation strains U.S. household budgets,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story
- WMT Walmart
For “Bank of America data shows consumers trade down as inflation strains U.S. household budgets,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story
- AMZN Amazon Com
Amazon Com (AMZN) is linked, with no stored direction, medium confidence in the 14 Nov 2026 story “Bank of America data shows consumers trade down as inflation strains U.S. household budgets.” Reason on file: Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story
- COST Costco Wholesale
In “Bank of America data shows consumers trade down as inflation strains U.S. household budgets,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story
- TGT Target
For “Bank of America data shows consumers trade down as inflation strains U.S. household budgets,” Target (TGT) is linked, with no stored direction, medium confidence. Reason on file: Target (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story
Spdr Series Trust (XRT)
Spdr Series Trust (XRT) is the company in “Bank of America data shows consumers trade down as inflation strains U.S. household budgets,” the 14 Nov 2026 this story story.
The link for Spdr Series Trust (XRT) is this: SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story
Also listed, Select Sector Spdr Tr (XLY): Consumer Discretionary Select Sector SPDR: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story
Price levels for Spdr Series Trust (XRT)
TIP traded between 103.77 and 105.61 across 13 sessions. The latest close on file is 105.27. XLY traded between 110.58 and 119.20 across 20 sessions. The latest close on file is 118.15.
A simple score for Spdr Series Trust (XRT)
46 out of 100
“Bank of America data shows consumers trade down as inflation strains U.S. household budgets” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.