Consumer Companies Down on Mixed Outlook for Spending -- Consumer Roundup

Features Dow Jones Newswires

Shares of retailers and other consumer-services companies ticked down as traders hedged their bets on the outlook for spending.

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While inflation data suggests retailers are struggling to raise prices, home prices are still in an up-trend. New-home sales rose 2.9% in May even as the average price also rose--indications that the housing market remains robust in the U.S.

--By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

June 23, 2017 16:35 ET (20:35 GMT)