Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Consumer Cos Up Amid Spending Optimism -- Consumer Roundup

07/23/2021 | 05:08pm EDT

Shares of retailers and other consumer companies rose as traders bet a resurgence in consumer spending would continue.

Consumer-products giant Kimberly-Clark reported its second straight quarterly sales decline as Americans slowed the stockpiling of toilet paper and paper towels as the pandemic receded in the face of vaccinations. One strategist said consumer-spending and inflation trends could change in the fall, as the final pandemic-support programs wind down, triggering worker requests for raises.

"Then it becomes, OK, does it take people a couple of months to miss it, and, then, in the holiday season, you might see people say, 'hey, I need some money,'" said Joe Kinahan, chief market strategist at TD Ameritrade.

Shares of Boston Beer slid, losing about a quarter of their value, amid signs that a craze for its Truly hard seltzers is fizzling.

Shares of Chinese educational concerns tumbled amid fears of a government crackdown on after-school tutoring, with U.S. listed shares of New Oriental Education & Technology Group and TAL Education Group each falling by more than half.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

07-23-21 1707ET

Latest news "Economy & Forex"
05:38pU.S. SEC delays until Jan 3 certain assets from enforcement actions related to new disclosure rule
RE
05:37pCuba starts to reopen economy as COVID-19 vaccine campaign races ahead
RE
05:36pCanadian court discharges Huawei CFO Meng Wanzhou as U.S. extradition case ends
RE
05:36pCanada justice ministry says meng wanzhou is free to leave canada
RE
05:36pThe WSJ Dollar Index Rises 0.12% to 87.90 -- Data Talk
DJ
05:36pEuro Lost 0.05% to $1.1721 -- Data Talk
DJ
05:36pSterling Lost 0.45% to $1.3676 -- Data Talk
DJ
05:36pDollar Gains 0.68% to 110.74 Yen -- Data Talk
DJ
05:30pUtilities Up As Traders Hedge On Treasury Yield View -- Utilities Roundup
DJ
05:30pDogecoin Lost 4.36% to $0.212 at 5 p.m. ET -- Data Talk
DJ
Latest news "Economy & Forex"