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Consumer Cos Up After Housing Data — Consumer Roundup

Shares of retailers and other consumer-services companies rose after strong housing data.

Construction of new U.S. homes rose nearly 17% in December to the highest level since 2006, the Commerce Department said Friday, a sign of continued momentum in the housing sector.

Swiss watchmaker and luxury products concern Compagnie Financiere Richemont said third-quarter sales increased despite a severe contraction in the important Hong Kong market, helped by sales at its jewelry unit.

Write to Rob Curran at rob.curran@dowjones.com

 

(END) Dow Jones Newswires

January 17, 2020 16:34 ET (21:34 GMT)

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