Oil Prices Put Pinch on Consumers, ETFs in June
August 04, 2008 at 16:00 PM EDT
Rising prices in June smacked down consumer spending and related exchange traded funds (ETFs). Spending, after adjusted for inflation, fell as shoppers were hit by the biggest price increases in nearly three decades. Those prices are reflected mostly by the big jump in gasoline costs, which lifted spending by 0.9%. But after factoring that out, spending [...]