ETFs for the category include Consumer Discretionary Select Sector SPDR (NYSEArca: XLY), Market Vectors Retail (NYSEArca: RTH) and SPDR S&P Retail (NYSEArca: XRT). [Consumer ETFs: Staples vs. Discretionary]
Monday’s data suggests consumer spending “may take time to accelerate as Americans stay frugal and rebuild savings,” Bloomberg News reports. “At the same time, cheaper borrowing costs, household wealth backed by home and stock prices and an improving job market are helping sustain demand for big-ticket items such as motor vehicles.”
“The consumer was less engaged in the second quarter,” said Russell Price, senior economist at Ameriprise Financial, in the story. “The numbers are disappointing in comparison to expectations but the overall picture is still encouraging” given job growth and improved household balance sheets, Price added.
Market Vectors Retail ETF
