Consumer companies rose, recouping some recent losses amid mixed earnings.
BJ's Wholesale hiked guidance after gas and grocery discounts attracted shoppers; Walmart disappointed flat, Target gained on market-share gains. Retail pricing power diverges among operators—discretionary consumer segment remains choppy.
Consumer companies rose, recouping some recent losses amid mixed earnings.
Shares of BJ's Wholesale rose after the warehouse retailer boosted its growth projection, with discounts on gas prices and groceries drawing more shoppers. Walmart was more or less flat after its lackluster earnings.
Rival Target rallied on hopes that it was picking up market share.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
Consumer companies rose amid mixed earnings.
Consumer companies rose amid mixed earnings.
Consumer companies rose after generally strong earnings.
Consumer companies rose as strong earnings from Amazon.com and other retailers offset concerns about rising interest rates.
Consumer companies rose amid mixed earnings and deal developments.
Consumer companies rose as oil prices tumbled, alleviating fears about discretionary spending.
