real-time news and commentary for investors
Thursday, Sep 5
Retail sector suffers as U.S. consumers pour money into autos and houses
- The latest round of sales reports from U.S. retailers mostly came in ahead of analyst estimate, but an increase in promotional activity from the sector could be felt down the line when quarterly bottom lines are reported.
- The general trend of apparel sellers suffering as consumers spend on big-ticket items such as automobiles and home improvements seems to be growing stronger.
- Related ETFs: XRT, RTH, PMR, RETL.