Consumer Cos Up After Wal-Mart Earnings -- Consumer Roundup

FeaturesDow Jones Newswires

Shares of retailers and other consumer-services companies rose after Wal-Mart Stores posted its most pronounced U.S. sales growth in almost a decade. Wal-Mart saw growth in its e-commerce operations, but also increased store traffic.

The report gave a lift to many beaten-down retail chains as it indicated that's efforts to change consumer behavior could be countered. Shares of Sears Holdings, for example, rallied.

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Activist investor Sandell Asset Management offered to take bookstore chain Barnes & Noble private in a deal worth about $650 million, or more than $9 a share, The Wall Street Journal reported.

Best Buy shares were weak after the electronics chain said the delayed release of the iPhone X weighed on its quarterly results.

New jobless claims rose 10,000 to a seasonally adjusted 249,000 in the week ended Nov. 11, the Labor Department said Thursday.

Shares of Procter & Gamble rose after The Wall Street Journal reported that activist investor Nelson Peltz narrowly won a seat on the consumer goods giant's board, reversing the first vote count, which showed a defeat for Mr. Peltz.

-Rob Curran,

(END) Dow Jones Newswires

November 16, 2017 16:17 ET (21:17 GMT)