Retail Getting Slammed (RTH, XRT, BBBY, NKE)

Retail is getting hit today on the back of poor earnings from some big names in the sector. The Retail HOLDRS Trust RTH is down 1.63% while the SPDR S&P Retail ETF XRT is down 1.84%. Yesterday Bed, Bath & Beyond BBBY gave a disappointing outlook while Nike NKE warned about increased cost pressures. Shares of Bed, Bath & Beyond are down more than 4% while shares of Nike are lower by more than 3%. With disappointing May data on both existing- and new-home sales, demand in the home-furnishings and home-goods sector may stall.