Target Shares Plunge, Drags Down Consumer Sector ETFs
May 18, 2022 at 17:31 PM EDT
Target Corp. (NYSE: TGT) shares plunged Wednesday, dragging down consumer sector-related exchange traded funds, after the retailer issued a quarterly earnings miss and warned of higher costs. The VanEck Vectors Retail ETF (RTH) was down 7.5% on Wednesday while the broader Consumer Discretionary...
