Walmart Warns of American Spending, Weighs on Consumer ETFs
July 28, 2022 at 11:46 AM EDT
Walmart Inc. (NYSE: WMT) shares plunged, dragging down consumer sector-related exchange traded funds, after the big-box retailer lowered its outlook in response to rising inflation costs. On Tuesday, the VanEck Vectors Retail ETF (RTH) declined 3.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) fell 0.5%, the Fidelity MSCI Consumer Staples Index ETF (FSTA) [...] The post Walmart Warns of American Spending, Weighs on Consumer ETFs appeared first on ETF Trends .
