Consumer Companies Higher Ahead of Jobs Report -- Consumer Roundup

Features Dow Jones Newswires

Shares of retailers and other consumer-services companies rose ahead of Friday's jobs report.

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New weekly jobless claims fell last week after rising sharply in the preceding weeks because of the effects of hurricanes Harvey and Irma.

Shares of beer distributor Constellation Brands reported a 13% jump in beer sales in the summer months, as consumers shifted to Corona and Modelo from other brands.

Whirlpool won crucial backing from a government panel in its bid to limit competition from foreign washing machine makers, as the Trump administration continues to invoke little-used trade regulations -- as it has in the steel industry -- in its protectionist tilt.

Recent softness in European consumer data is likely a blip, according to one brokerage. "The fundamentals for the consumer remain supportive and there is no reason for real consumption growth to decelerate," said analysts at brokerage Credit Suisse, in a research note.

Rob Curran, rob.curran@dowjones.com

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(END) Dow Jones Newswires

October 05, 2017 17:15 ET (21:15 GMT)