Retail ETFs Advance as Investors Look to Pent-Up Consumer Demand
May 14, 2021 at 14:50 PM EDT
Retail sector-specific exchange traded funds strengthened as traders looked beyond the unexpected stall in April retail sales to the potential rebound in the coming months. The SPDR S&P Retail ETF (XRT), the largest retail sector-related ETF by assets, increased 4.1% on Thursday. The Commerce...