U.S. financial market indexes ended higher in November. The Standard & Poor's 500 added 0.05% led by the financial sector, which gained 1.99%. Meanwhile, the Dow Jones Industrial Average was up 0.32% led by Home Depot (HD, Financial), up 8.28%.
Retail stocks specifically have struggled recently as retailers lower their outlooks for the holiday season, and consumers are spending cautiously as the economy overall continues to improve at a slow pace.
In a recent interview with Fox Business, Mario Gabelli (Trades, Portfolio) of GAMCO Investors, discussed his outlook on the current market environment and some of the retail stocks he favors in his portfolio.
