Markets

Consumer Sector Update for 12/16/2016: AMZN,CORE,WMT,JWN

Top Consumer Stocks

WMT -0.35%

MCD +0.93%

DIS -0.39%

CVS +1.46%

KO +0.34%

Consumer stocks were split between winners and lowers this afternoon, with shares of consumer staples companies in the S&P 500 adding almost 0.4% in value today while shares of consumer discretionary firms in the S&P 500 slid more than 0.5% lower.

In company news, Amazon.com ( AMZN ) was paring most of a nearly day-long decline amid reports the online retailer is working on a new application matching up truck drivers and shippers.

The app is scheduled to launch next summer and is designed to help truck drivers find shippers needing goods to be moved, according to Business Insider. Its primary appeal would be eliminating the need for a third-party broker, who typically receive a commission of around 15% for linking up the two parties.

AMZN shares were down about 0.5% shortly before Friday's closing bell at $757.32 apiece, recovering about half of a nearly 1% slide earlier today to a session low of $754.00 a share.

In other sector news,

(+) CORE, Wholesale distributor inks three-year pact with Walmart Stores ( WMT ) to supply candy, tobacco and certain snack foods to Walmarts's Neighborhood Markets and Supercenter stores in five western states.

(-) JWN, JPMorgan downgrade to Underweight from Neutral. Price target also trimmed by $7 to $48 a share.

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

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

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