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Consumer Cos Down Amid Mortgage Rate Doubts -- Consumer Roundup

07/15/2021 | 05:13pm EDT

Shares of retailers and other consumer companies fell, as traders hedged their bets on the outlook for mortgage rates.

Yields on long-dated Treasurys slipped Thursday but could rebound with inflation expectations rising.

The number of new weekly unemployment applications fell to the lowest level since the onset of the Covid 19 pandemic.

Uniqlo owner Fast Retailing posted a quarterly profit for the third time in a row this fiscal year, continuing a recent rebound.

Shares of GameStop fell slightly after a wild trading session, as investors in "meme stocks" adjust to recent losses.

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

(END) Dow Jones Newswires

07-15-21 1712ET

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