Consumer Cos Down as Rate Worries Weigh on Home Builders
Dow Jones
Oct 08
Consumer companies fell amid rate worries.
The average 30-year fixed mortgage rate rose to 7.55% in the latest tally, according to Bankrate.
The SPDR S&P Homebuilders exchange-traded fund, which tracks a basket of builders, fell by more than 2.5% and is now down by more than 9% for the year to date.
Brewer and distiller Constellation Brands logged growth in fiscal second-quarter earnings and sales, as strong beer sales at bars and restaurants made up for a slowdown in grocery and liquor stores.
Japan's four major beer brewers were probed by the Japanese antitrust regulator for suspected violations of antimonopoly regulations, the companies said.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.