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XRT

Sector Update: Consumer

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.

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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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