Spdr S&p Retail Etf ETF News

"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.

CNBC's Courtney Reagan joins 'Squawk on the Street' to report on shares of retailers, which are trading lower amid news of a worrisome new coronavirus variant found in South Africa.

About 30.6 million plan to shop on Thanksgiving Day, 108 million on Black Friday, 58.1 million on Small Business Saturday, 31.2 million on Sunday and 62.8 million on Cyber Monday.

Thanksgiving day online sales totaled $5.1 billion, which matches the level of last year, according to data from Adobe Analytics.

The rally in energy prices has been wavering of late due to renewed COVID fears and the largest U.S. supply build in three weeks.

Gerald Storch, Storch Advisors CEO, Former Toys "R" US Chairman & CEO, joins "Fast Money" to discuss the state of the consumer ahead of the holiday shopping season.

As consumer confidence rises and the pandemic-stricken economy improves, some ETFs deserve special thanks.