Retail ETFs Surge on a Record Jump in Consumer Spending
June 16, 2020 at 17:47 PM EDT
Retail sector-related exchange traded funds surged Tuesday after U.S. retail sales jumped to a record high in May, following a sharp fall-off in the previous two months. The SPDR S&P Retail ETF (NYSEArca: XRT) was among the best performing non-leveraged ETFs of Tuesday, rising 2.9%. According...