Top Consumer Stocks
Consumer stocks still were mostly on positive ground this afternoon, with shares of consumer staples companies in the S&P 500 gaining about 0.1%, reversing an earlier decline, while shares of consumer discretionary firms in the S&P 500 increased nearly 0.4%.
In company news, Toyota Motor Corp ( TM ) declined Tuesday after the automaker reportedly issued a voluntary recall of 18,757 Lexus vehicles sold in Russia because of a possible fault in their braking systems.
The recall affects NX 200, NX 200t and NX 300h models sold after Sept. 11 2014, according to a Reuters report, citing a statement by the Rosstandart Russian standards agency.
TM shares were down about 1.2% at $119.40 apiece, easing from an earlier rise to an intra-day high of $119.96 a share.
In other sector news,
(+) ABAC, Agrees to transfer 88% equity stake in Hang-ao to Zhong Bi Cheng for about $3.7 mln (RMB 26 mln), with RMB 5 mln already paid to the company and the remaining RMB 21 mln due by Friday, Dec. 30.
(-) HMC, November 2016 production rises to 458,822 units, up 11.8% over year-ago levels.
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