Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

The XLP, XRT, and XLY all give up gains and turn lower following Wal-Mart sounding the warning...

  • Friday, February 15, 2:41 PM ET
    The XLP, XRT, and XLY all give up gains and turn lower following Wal-Mart sounding the warning over the effects of the payroll tax hike. It's fascinating that it took markets until just now to react to what was crystal clear 6 weeks ago.
Track new comments on this story

This news story has 2 comments:

  •  
    What amazes me is the "nail on the head "certainty that this the payroll tax reinstatement is the cause. Gas is up 10% in my part of the country and probably is taking a bigger chunk out of the average budget than the payroll tax! Maybe Walmarts sales are down becasue they laid of half of their cashiers after Christmas and no one wants to stand in line for 10 minutes waiting to pay! Are other retailers sales down or just Walmarts?
    15 Feb, 02:50 PM Reply Like
  •  
    FICA is the worst tax in America's taxing history. See: 10 Reasons to Eliminate FICA: http://bit.ly/YdigRT
    15 Feb, 02:54 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Consumer Articles
More Latest Articles »