With Consumer discretionary (XLY) up 2.0%, this looks like a sector-led move rather than a company-specific surprise.
The consumer discretionary sector is participating in a broader market rally as investors buy back into growth-oriented stocks following a sharp tech-led sell-off last week. A significant drop in oil prices is also boosting sentiment for consumer spending, as lower fuel costs can increase discretionary income. Market participants are looking ahead to key earnings reports, notably from Apple after the close, for further direction.