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U.S. consumer companies a relative refuge in recent market turmoil
Many of the stocks that have gotten off most lightly during the waves of selling on Wall Street this week are those standing to benefit from consumers with more buying power, like Amazon.com (AMZN.O) and Netflix (NFLX.O). The S&P 500 consumer discretionary index's 4 percent drop on Thursday was worse than the S&P 500's 3.75 percent fall, but over the past week its decline has been less violent than slumps suffered by the broader market. Consumer discretionary is down about 6 percent since a market rout began last Friday, compared to drops of more than 9 percent in financials, technology and telecoms.
https://finance.yahoo.com/news/u-consumer-companies-relative-refuge-221947786.html?.tsrc=rss
Many of the stocks that have gotten off most lightly during the waves of selling on Wall Street this week are those standing to benefit from consumers with more buying power, like Amazon.com (AMZN.O) and Netflix (NFLX.O). The S&P 500 consumer discretionary index's 4 percent drop on Thursday was worse than the S&P 500's 3.75 percent fall, but over the past week its decline has been less violent than slumps suffered by the broader market. Consumer discretionary is down about 6 percent since a market rout began last Friday, compared to drops of more than 9 percent in financials, technology and telecoms.
https://finance.yahoo.com/news/u-consumer-companies-relative-refuge-221947786.html?.tsrc=rss
