Consumer Cos Fall Sharply Amid Spending Fears — Consumer Roundup

Consumer Cos Fall Sharply Amid Spending Fears — Consumer Roundup

Shares of retailers and other consumer companies plunged as investors braced for an era of rising inflation and interest rates challenging consumer finances and slowing spending. A survey of consumer confidence dipped in April to 107.3 from 107.6, even as Americans signaled they were comfortable enough with their circumstances to keep buying big-ticket items such as new cars and appliances. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 19.
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