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Consumer Cos Climb After Strong Economic Data -- Consumer Roundup

04/30/2021 | 05:15pm EDT

Shares of retailers and other consumer companies rose after strong economic data.

Household income rose at a record pace of 21% in March as federal-stimulus checks helped fuel an economic revival that is poised to endure with an easing pandemic.

The final reading of the University of Michigan's index of consumer sentiment stood at 88.3 in April, up from the flash estimate of 86.5 two weeks ago and from 84.9 in March.

Swiss food processor Nestlé agreed to buy the main brands of vitamins maker Bountiful for $5.75 billion.

Shares of Clorox declined after the maker of household cleaning items such as bleach posted slower growth in the first quarter than it had earlier in the pandemic.

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

(END) Dow Jones Newswires

04-30-21 1714ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.04% 34479.6 Delayed Quote.12.61%
NESTLÉ S.A. 0.07% 113.82 Delayed Quote.9.17%
THE CLOROX COMPANY -0.09% 176.16 Delayed Quote.-12.76%
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