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NEW YORK, Dec 18 (Reuters) - As holiday shopping season wraps up, U.S. equity investors are gauging whether long-languishing shares of brick-and-mortar retailers can sustain their recent rebound in anticipation of a full economic reopening in 2021.
The SPDR S&P Retail ETF, which tracks a broad group of retailers such as department and specialty stores, is up nearly 40% this year. Its gain reflects a rally that has lifted shares of companies in sectors particularly sensitive to the economic cycle, such as industrials and energy, in the wake of recent breakthroughs in COVID-19 vaccines.
Those numbers pale in comparison with the massive gains online companies such as Amazon.com Inc, Etsy Inc and Wayfair Inc have notched this year, after the pandemic accelerated a shift toward internet shopping.
Wall Street Weekahead: Investors bet old-school retailers will rebound in 2021
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Wall Street Week Ahead: Investors bet old-school retailers will rebound in 2021
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Investors bet old-school retailers will rebound in 2021
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Wall Street Week Ahead: Investors bet old-school retailers will rebound in 2021
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