Consumer Discretionary Stocks Tumble In Early Trade

Consumer stocks tumbled in early trade Tuesday, falling with the broader market after another set of weak data from China sent global markets lower. Dollar Tree Inc. led the declines, shedding 4.5%. The company earlier reported a loss in its latest quarter as it moves to integrate the recently acquired Family Dollar. Netflix Inc. was down 5.2%, Wynn Resorts Ltd. fell 3% and Michael Kors Ltd. was down 2%. Coach Inc. shares fell 2%. The S&P 500 Multiline Retail sub-index fell 2.4%.