Spdr S&p Retail Etf ETF News

Hooker Furnishings Corp. said Wednesday it raised its quarterly dividend by 11%, to 20 cents a share from 18 cents. The furniture retailer''s new dividend is payable on Dec. 31 to shareholders of record on Dec. 17. The stock was still inactive in premarket trading. Based on Tuesday''s closing price of $24.80, the new annual dividend rate implies a dividend yield of 3.23%, compared with the yield for the SPDR S&P Retail ETF of 0.76% and the implied yield for the S&P 500 of 1.32%. The stock has tumbled 19.7% over the past three months, while the S&P 500 has gained 24.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

With the easing of Omicron fears, Wall Street jumped to start a new week after a broad market sell-off in the past couple of weeks.

Sector ETF report for XRT

Mickey Drexler, chief executive officer of Alex Mill and former chairman and CEO of J. Crew, joins 'Squawk Box' to give his take on retailers this holiday season.

Considering the complexities of the current market scenario, let's take a look at some ETF areas that can make good investment choices.

The U.S. government''s November jobs report showed that the retail sector lost 20,000 jobs last month, after the sector had gained 91,000 jobs in the previous two months. The sector''s job losses come as the overall report showed nonfarm payrolls increased by just 210,000 in November, well below expectations of 573,000 new jobs. The retail sector''s job losses included a declines of 20,000 jobs in general merchandise stores; 18,000 jobs in clothing and clothing accessories stores; and 9,000 jobs in sporting goods, hobby, book and music stores. That was partially offset by increases of 9,000 jobs in food and beverage stores and of 7,000 jobs in building material and garden supply stores. In November 2020, retail employment fell by 35,000, and in November 2019 retail employment increased by 2,000. Retail trade employment is now 176,000 less than it was in pre-pandemic February 2020. The SPDR S&P Retail ETF , which was little changed in premarket trading Friday, has rocketed 130% since the end of February 2020 while the S&P 500 has climbed 55%.

"Halftime Report" trader Jon Najarian spots unusual activity in the options market

The Institute for Supply Management said that its index of national factory activity rose to a reading of 61.1 last month from 60.8 in October.

Shares of Hibbett Inc. tumbled 7.0% in afternoon trading Thursday, putting them on track for their longest losing streak in over 13 months, after BofA Securities analyst Alexander Perry backed away from his bullish stance on the sporting goods retailer, citing expectations of lower demand as government stimulus fades. The stock has plunged 27.9% over the past seven sessions, since it closed at a record $99.69 on Nov. 22, which would be the longest stretch of losses since the eight-day losing streak that ended Oct. 30, 2020. Perry cut his rating to neutral from buy, while slashing his price target by 27% to $88. "We estimate there will be a 5-10% [year-over-year] decline in consumer income in C1H22 for someone earning $50,000 given headwinds from two rounds of economic impact payments (~$2,000), potentially lower lump sum Child Tax Credit payments (given advanced payments in 2021), and subdued real wage growth given rising inflation," Perry wrote in a note to clients. Despite the recent weakness, the stock has run up 55.7% year to date, while the SPDR S&P Retail ETF has climbed 44.0% and the S&P 500 has advanced 22.1%.

CNBC's Courtney Reagan reports on the rebound in retail stocks today. With CNBC's Brian Sullivan and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Bonawyn Eison.

As bottled-up supply chains dent product availability, consumers are increasingly spreading out their record spending this holiday season.

Consumers are expected to spend between $10.2 billion and $11.3 billion on Monday, making it once again the biggest online shopping day of the year, according to Adobe Digital Economy Index.

Worries over just how bad the newest COVID variant will be have sent the market on a rout.

The National Retail Federation said about 2 million more people than last year are expected to fill their shopping cart from Thanksgiving Day through Cyber Monday this year.

Oliver Chen, Cowen senior retail analyst, joins 'Squawk on the Street' on Black Friday to break down the retail shares to watch.