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Consumer Cos Down On Risk Aversion — Consumer Roundup

Shares of retailers and other consumer companies fell as investors retreated from risk.

The selloff this week was initially concentrated in a swath of "stay at home" stocks before broadening out from there, said Joe Kinahan, chief market strategist at TD Ameritrade. Investors sold stocks that had previously stayed out of the firing line, including Walmart, while beaten-down "meme" stocks such as Peloton Interactive and GameStop bounced.

A unionization push among Starbucks workers is spreading across the U.S. after years of resistance from executives to union activity.

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

(END) Dow Jones Newswires

January 21, 2022 16:33 ET (21:33 GMT)

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