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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
Home / Markets / Industries / Retail
Thursday, June 05, 2008
Wal-Mart May Same-Store Sales Up 4.4%
FOXBusiness
![Wal-Mart Storefront [276]](/images/stories/wal_mart_storefront.jpg)
Wal-Mart (WMT) saw its monthly retail sales jump in May as more consumers turned to the discount retailer to weather the struggling economy.
The discount retail giant said same-store sales including fuel rose by 4.4% in May, much higher than the 1.6% increase expected by analysts interviewed by Thomson Reuters.
Excluding fuel sales, same store performance rose by 3.9%.
“Our comparable-store sales continue to increase because of our price leadership, merchandising initiatives and operational improvements," Eduardo Castro-Wright, Wal-Mart U.S. president and chief executive officer, said in a statement. "We also believe we're seeing some benefits from the stimulus checks."
Wal-Mart, along with the other warehouse and discount retailers, has seen their sales increase in recent months as the economy has continued to decline.
Also, the Wall Street Journal said Thursday Wal-Mart plans on appointing Gregory Penner, the 38-year-old son-in-law of Wal-Mart chairman S. Robson Walton, to the company’s board of directors. Wal-Mart's annual shareholder meeting is Friday.
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