ISHP - Americans Are In A Sour Mood But It Didn't Dampen Their Spending: Splurging At Retailers

May, 18 2022 06:17 AM First Trust S-Network E-Commerce ETF

Retail sales jumped 0.9% in April from March, after having jumped 1.4% in March from February, to $678 billion, and were up 8.2% from a year ago, seasonally adjusted, the Commerce Department reported on Tuesday.
Raging inflation has outpaced the income growth of many Americans, and they’re also shifting spending into services.
Sales at New and Used Vehicle and Parts Dealers, the largest retailer category, rose by 2.2% in April from March, to $132 billion, seasonally adjusted, but were down 1.7% from a year ago.

For further details see:

Company Name:	First Trust S-Network E-Commerce ETF
Stock Symbol:	ISHP
Market:	NASDAQ