Consumer Cos Lower as Treasury Yields Creep Higher -- Consumer Roundup

Consumer companies fell slightly as Treasury yields crept higher.

Prospects of a sustained drop in mortgage rates have improved confidence in the housing market in recent weeks, but a rebound in Treasury yields could rattle that confidence once more.

This week, inflation data and earnings reports from banks could cause sharp moves in the Treasury market.

Online fashion firm Rent the Runway launched another turnaround plan that includes cutting about 10% of its corporate roles.

Albertsons Cos. rose slightly after the supermarket chain posted higher third-quarter sales, helped by strong digital and pharmaceutical demand.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

01-09-24 1851ET