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Consumer Cos Up, But Not By Much, As Travel Cos Remain Weak -- Consumer Roundup

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03/02/2020 | 05:01pm EDT

Shares of retailers and other consumer companies rose, but not by as much as the broad market, amid concerns that more reported deaths in the U.S. would lead to a slowdown in travel and consumer activity.

Shares of travel-and-tourism companies who are curbing routes due to the outbreak, including American Airlines and Carnival continued their recent retreat.

Home-improvement chain Home Depot said it has put all travel to and from Asia and Italy on hold until further notice.

Philip Morris International said it was promoting one of its top executives, Martin King, to a newly created role overseeing the U.S. market, a signal the tobacco company plans an expanded role on fellow Marlboro seller Altria Group's home turf.

Among the most critical projects for Mr. King will be managing U.S. sales of the iQOS tobacco-delivery device, designed to heat but not burn tobacco.

Write to Rob Curran at rob.curran@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ALTRIA GROUP, INC. 0.62% 39.05 Delayed Quote.-21.76%
AMERICAN AIRLINES GROUP INC. -4.37% 10.5 Delayed Quote.-63.39%
PHILIP MORRIS INTERNATIONAL, INC. -0.20% 73.36 Delayed Quote.-13.79%
THE LEAD CO., INC. -2.37% 412 End-of-day quote.5.64%
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