Retail ETF Investors Aren’t Impressed with Rising Consumer Spending
This article was originally published on ETFTrends.com.
U.S. retailers revealed rising sales in their latest quarterly report cards, reflecting robust consumer spending in a healthy economy ahead of the traditional holiday shopping season, but retail stocks and sector-related exchange traded funds remain unimpressed. On Tuesday, the SPDR S&P Retail ETF (NYSEArca: XRT) fell 2.9% and VanEck Vectors Retail ETF (NYSEArca: RTH) declined 3.5%. [...]