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

FeaturesDow Jones Newswires

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

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.

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

(END) Dow Jones Newswires

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