Consumer shares are down in mid-day trading while retail stocks slip after weak spending data was released this morning. In consumer sector ETFs, the SPDR S&P Retail ( XRT ) is down 2.15% to $49.25. In mid-day consumer news, retail shares are lower following data released this morning that showed consumer spending rose a modest 0.1% in October, whereas personal income rose even faster, up 0.4%, to mark the biggest increase since March as Americans set aside more savings. Among big retail issues: WMT, -0.5% JWN, -1.7% BBY, -1.5% TGT, -1.6% M, -2.9% Meanwhile, Diamond Foods ( DMND ) shares are off sharply as the company is the subject of several law firms filing class action lawsuits on behalf of stockholders related to the company's now-delayed purchase of Pringles.
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) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
