Sector Update: Consumer

By Staff,

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Consumer stocks are mostly lower today with shares of consumer staples companies in the S&P 500 slipping while shares of consumer discretionary firms in the S&P 500 are down around 0.7%.

In company news, CarMax Inc ( KMX ) is ending lower today, with shares sliding about 1.2% to $50.60 apiece and the company today saying it will be hiring over 1,000 new employees across the country, with the majority of job openings in the company's service operations such as detailers and experienced technicians as well as in sales positions.

In other sector news,

(+) FDO, New Credit Suisse research note speculates the discount retailer may be bought out by rival Dollar General ( DG ), saying a deal would make "compelling strategic sense." DG shares also are higher today.

(-) FMX, Mexican soft-drink bottler says its FEMSA Comercio retail subsidiary has acquired an 80% investment stake in Dona Tota, a quick-service restaurant operator with 204 units across Mexico and 11 units in the U.S.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: DG , KMX

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