JC Penney, Best Buy Stoke Retail ETFs
June 14, 2011 at 15:02 PM EDT
Retail exchange traded funds jumped more than 2% in Tuesday’s market rally with JC Penney (NYSE: JCP) and Best Buy (NYSE: BBY) pacing the sector’s gains. JC Penney soared nearly 20% on news the department-store giant has hired Apple (NasdaqGS: AAPL) executive Ron Johnson as its new CEO. The...
