PowerShares Dynamic Leisure & Entertainment Portfolio (PEJ) -2.5%
Consumer stocks are taking a hit, pushing funds like PEJ and SPDR S&P Retail ETF (XRT) to notable losses. Casino giant, Wynn Resorts (WYNN) is one of PEJ's biggest laggards. During early afternoon trading, WYNN shares were dipping over 10%, pressured by China concerns.
Wynn represents 5% of PEJ's total portfolio.
All prices as of 2:14 PM ESTWritten by Don Dion in Williamstown, Mass.