Target’s Positive Sales Growth, Guidance Helps Buoy Retail ETFs

by Trading & Investing |

Target (NYSE: TGT) shares surged on Tuesday on a positive outlook, helping to offset losses in retail sector-related exchange traded funds. The VanEck Vectors Retail ETF (RTH) was up 0.1% on Tuesday while the broader Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) fell 2.1%. Meanwhile, Target shares jumped 9.7% on Tuesday. TGT makes up 4.1% […] Read more at ETFtrends.com.