US retail ETFs deliver solid Black Friday gains
Written by Black Hot Fire Network on December 5, 2023
By Bansari Mayur Kamdar and Suzanne McGee
(Reuters) - Exchange-traded funds (ETFs) tracking U.S. retailers moved higher in shortened trading hours on Black Friday, outpacing broader market indexes.
While the S&P 500 index ended little changed, the Amplify Online Retail ETF climbed 0.4% and the broader SPDR S&P Retail ETF gained about 0.7%. Both continued to rise in after-hours trading.
Retailers and analysts have warned of a lackluster outlook for this year's holiday shopping season.
While the National Retail Federation, an organization . . .
