Consumer Company Stocks Up Slightly After Fed, Housing Data - Consumer Roundup
Shares of retailers and other consumer-services companies rose slightly after mixed signals from the Federal Reserve's policy statement and economic data. Existing-home sales declined 1.7% from a month earlier to a seasonally adjusted annual rate of 5.35 million, the lowest level in a year, the National Association of Realtors said Wednesday. General Mills said U.S. yogurt sales fell 22%, giving the food processor its ninth straight quarter of revenue declines. Shifting tastes among U.S. consumers toward natural, wholesome ingredients have taken a particular toll on the demand for low-fat yogurts, once a staple of health-conscious consumers.
-Rob Curran, email@example.com
(END) Dow Jones Newswires
September 20, 2017 16:22 ET (20:22 GMT)