ETF Trends
ETF Trends

U.S. equities and stock exchange traded fund pulled back Thursday as bank stocks dropped the most since September and consumer discretionary names retreated on concerns over major retailers.

The S&P 500 Index, along with related funds including the SPDR S&P 500 ETF (NYSEArca: SPY), iShares Core S&P 500 ETF (NYSEArca: IVV) and Vanguard 500 Index (NYSEArca: VOO), were down 0.3% Thursday after two days of gains.

U.S. stocks were dragged down by unwinding in some of the more popular post-election trades. For instance, the S&P 500 Financials Sector, whcih was among the best performers since the elections, declined  as much as 1.7% Thursday, the Wall Street Journal reports.

Additionally, consumer discretionary shares retreated after retailers, including Macy’s and Kohl’s, warned of weak holiday sales.

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