Rising consumer debt in US will influence consumer discretionary stocks
New York
CONSUMER debt is rising. How Americans handle that load and how much cash they spend will determine the fortunes of an important stock sector.
Stocks that benefit from consumer spending - including those in categories such as cars, home furnishings, retailers and restaurants - have been very strong performers recently. Over the three years till December, consumer discretionary stocks returned more than 18 per cent annually, on average, according to S&P Dow Jones Indices.
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