Retail ETFs In Focus After Monthly Sales Report

By: ETFdb
U.S. markets were down yesterday morning even after another strong week in the domestic market, due to the expectations of a negative federal retail sales report. To the surprise of many, April sales were not as bad as expected, but the lackluster report was not impressive enough to inspire confidence in traders. All blame for a low open Monday may not rest with the underwhelming retail sales report; with the Federal Reserve also starting plans to pull back on its bond buying program it is no wonder investors are getting jumpy [see S&P 500 Visual History]. U.S. Retail Sales Data Leaves Investors Uninspired The US Census Bureau report release on May 13th shocked economists, who had predicted the trend of negative returns to continue after March’s dismal numbers. Instead of the -0.3% expected by many, the report showed an estimated $419 billion in sales this April, or a 0.1% growth. Auto dealers had a huge hand [...] Click here to read the original article on ETFdb.com. Related Posts: ETFdb Weekly Watchlist: XRT, EWG, XHB Hinge On Retail, Sentiment And Housing Data Daily ETF Roundup: Stocks Post Third Week Of Gains, XRT Jumps Alongside Consumer Shares Tuesday’s ETF Chart To Watch: XRT Nears Resistance Ahead Of Consumer Confidence Release ETFdb Weekly Watchlist: XRT, FXI, XLI Hinge On Manufacturing And Consumer Data Friday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT)
U.S. markets were down yesterday morning even after another strong week in the domestic market, due to the expectations of a negative federal retail sales report. To the surprise of many, April sales were not as bad as expected, but the lackluster report was not impressive enough to inspire confidence in traders. All blame for a low open Monday may not rest with the underwhelming retail sales report; with the Federal Reserve also starting plans to pull back on its bond buying program it is no wonder investors are getting jumpy [see S&P 500 Visual History]. U.S. Retail Sales Data Leaves Investors Uninspired The US Census Bureau report release on May 13th shocked economists, who had predicted the trend of negative returns to continue after March’s dismal numbers. Instead of the -0.3% expected by many, the report showed an estimated $419 billion in sales this April, or a 0.1% growth. Auto dealers had a huge hand [...]

Click here to read the original article on ETFdb.com.

Related Posts:

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.