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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cordlife substantial shareholders lay out separate plans to address issues after AGM
Disney, Warner Bros Discovery launch US streaming bundle
Indian winemaker Sula Vineyards' Q4 profit slips on mounting expenses
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
Puma returns to sales growth in Americas despite ‘volatile’ market
Nanjing Xinjiekou Department Store announces May 23 EGM; Cordlife seeking legal advice