Consumer Cos Up as Stocks Bounce Back From Correction -- Consumer Roundup

02/09/18 04:33 PM EST

Shares of retailers and other consumer companies rose as traders rotated back into some of the sectors that were beaten down in the recent rout. Shares of some chain stores, such as Sears Holdings, bounced back Friday after testing multiyear lows. Cosmetics giant L'Oreal said it has mustered the financial wherewithal to buy the roughly $27 billion worth of its stock held by food giant Nestle SA, opening the door to negotiations over how to decouple two of the world's biggest consumer-goods companies, as reported earlier.

 

-Rob Curran, rob.curran@dowjones.com

 

(END) Dow Jones Newswires

February 09, 2018 16:33 ET (21:33 GMT)

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