Consumer Sector ETFs Slide on Target’s Painful Quarter
August 17, 2022 at 16:10 PM EDT
Target Corporation (NYSE: TGT) shares retreated, dragging down consumer retail sector-related exchange traded funds, after announcing a plunge in quarterly profits that fell short of even the lowest Wall Street estimates. On Wednesday, the VanEck Vectors Retail ETF (RTH) and the Consumer Discretionary Select Sector SPDR (XLY) both dropped 0.9%. Meanwhile, Target shares were 2.4% lower [...] The post Consumer Sector ETFs Slide on Target’s Painful Quarter appeared first on ETF Trends .
