Consumer cyclicals ETFs invest in the equity of companies that provide nonessential goods and services.
Consumer cyclicals ETFs invest in the equity of companies that provide nonessential goods and services.
The news pressured homebuilder ETFs, which are down 27% this year.
Nearly 300 ETFs include the electric carmaker in their portfolios.
The company had a rough earnings report last Thursday, followed by multiple analyst downgrades.
Stocks of gun-makers are found primarily in small cap ETFs.
Home sales fell for the third-straight month in April.
Retailers are flashing alarms about inflation eating consumer spending.
Poor earnings from the likes of Walmart and Target dragged the ETF lower.
Retail sales grew by 0.9% in April.
Plus, a look at changes to existing ETFs during the week.