Retail ETFs Rise On Dicks And TJX's Earnings Beat
Posted on May 15, 2012 at 18:01 PM EDT
Exchange traded funds tracking retail chains rallied Tuesday after TJX Cos. (TJX) and Dick's Sporting Goods (DKS) beat analysts' earnings forecasts. That's while U.S. retail sales nationwide barely rose in April, suggesting a slowdown in consumer spending in the second quarter following a strong start to the year. SPDR S&P Retail (XRT) rose as much as 1.6% intraday before paring gains to 0.24% to end at 59.34. Market Vectors Retail ETF (RTH)
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