Brighter prospects: A Salvation Army volunteer in front of the New York Stock exchange at Wall Street in New York city. Equity investors are gauging whether long-languishing shares of brick-and-mortar retailers can sustain their recent rebound in anticipation of a full economic reopening in 2021. — AFP
NEW YORK: As holiday shopping season wraps up, United States equity investors are gauging whether long-languishing shares of brick-and-mortar retailers can sustain their recent rebound in anticipation of a full economic reopening in 2021.
The SPDR S&P Retail ETF, which tracks a broad group of retailers such as department and specialty stores, is up nearly 40% this year. Its gain reflects a rally that has lifted shares of companies in sectors particularly sensitive to the economic cycle, such as industrials and energy, in the wake of recent breakthroughs in Covid-19 vaccines.
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