Skip to main content

Consumer ETFs Fall on Jobs Data

Consumer-focused exchange traded funds decline on Friday after payroll numbers showed the U.S. economy shed 131,000 jobs.



) -- Markets recovered in the latter half of Friday's trading after dropping more than 1% following weak jobs data.

Consumer-focused exchange-traded funds came under selling pressure early in the day, soon after data showed that the U.S. economy shed 131,000 jobs, far more than the projected 87,000 decrease. On Thursday, retailers declared lower-than-expected same-store sales, which also worsened investor sentiment.

By the end of the Friday session, this particular batch of ETFs managed to recover some of their losses, though they still finished in the red.



(XRT) - Get SPDR S&P Retail ETF Report

, which shed more than 2% in early trading, closed 0.5% lower. Its top holdings include



, which lost close to 4% after an analyst at

Wells Fargo

(WF) - Get Woori Financial Group Inc. American Depositary Shares (each representing three (3) shares of) Report

downgraded the stock to market perform.


Scroll to Continue

TheStreet Recommends

Consumer Discretionary Select SPDR

(XLY) - Get Consumer Discretionary Select Sector SPDR Fund Report

gave up 0.7%, dragged lower by selling in


(AMZN) - Get Inc. Report

, among other stocks.

Vanguard Consumer Discretionary

(VCR) - Get Vanguard Consumer Discretionary ETF Report


First Trust Consumer Discretionary AlphaDEX

(FXD) - Get First Trust Consumer Discretionary AlphaDEX Fund Report

, an actively-traded ETF, were other prominent losers.

Financial ETFs also lost ground, even as markets recovered. The

SPDR Financial Select Sector

(XLF) - Get Financial Select Sector SPDR Fund Report

retreated 0.8%.

Weak economic data, however, helped drive investor appetite for gold and gold-mining ETFs. The

SPDR Gold Trust

(GLD) - Get SPDR Gold Shares Report

rose by 0.8%, and

Market Vectors Gold Miners ETF

(GDX) - Get VanEck Gold Miners ETF Report

, rose by nearly 1%.

-- Reported by Shanthi Venkataraman in New York.

Follow on


and become a fan on


Copyright 2010 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.