Retail Sector Wrap

Markets FOXBusiness

The S&P 500 lost 1.2% while the Retail sector (XRT) showed little movement during trading today.

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The ETF has moved down across its 50-day moving average of $60.53 today. While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, XRT was down 2.4% over the last thirty trading days while the S&P 500 was down 2%.

Talbots (TLB) was a major loser in the sector, falling 14.1% (-44 cents) to close at $2.69 with 5.2 million shares moving. The stock traded in a range of $2.57 to $3.09. The stock has been on a downward trajectory over the last two months, slipping 47 cents (-14.9%) from a price of $3.16 on February 14, 2012.



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