ETFs Rise on Strong Retail, Currency Data
Friday, December 11th, 2009
Tom Lydon (ETF Trends) submits:
The Commerce Department reported Friday morning that U.S. retail sales jumped 1.3% in November, led by sales in autos, gasoline and electronics. Excluding auto and gasoline sales, core retail sales rose by 0.6%.
This is a positive economic sign amid the holiday shopping season, as reported by AFP. The strength across most retail sectors should buoy investors’ confidence. The SPDR S&P Retail ETF (XRT) is up more than 1% so far today.
