Retail-related ETFs also finished with losses for the week. Late Monday, home improvement retailer Lowe's (LOW Quote) issued a profit warning, saying it now expects fiscal-year earnings at the low end or slightly below its previous guidance due to regional drought conditions hurting its outdoor offerings.
Target (TGT Quote), meanwhile, reduced its forecast for September same-store sales growth to a range between 1.5% and 2.5%, compared with the previous forecast of 4% to 6%. The stock dropped 3% over the five sessions. The PowerShares Dynamic Retail (PMR Quote) ETF eased 1.9% to $17.85. The Retail HOLDRs (RTH Quote) fell 1.8% to $100.18. The SPDR S&P Retail (XRT Quote) ETF ended down 1.3% to $39.13.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
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