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Consumer Cos Down On Risk Aversion -- Consumer Roundup

01/21/2022 | 04:34pm EDT

Shares of retailers and other consumer companies fell as investors retreated from risk.

The selloff this week was initially concentrated in a swath of "stay at home" stocks before broadening out from there, said Joe Kinahan, chief market strategist at TD Ameritrade. Investors sold stocks that had previously stayed out of the firing line, including Walmart, while beaten-down "meme" stocks such as Peloton Interactive and GameStop bounced.

A unionization push among Starbucks workers is spreading across the U.S. after years of resistance from executives to union activity.

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

(END) Dow Jones Newswires

01-21-22 1633ET

Stocks mentioned in the article
ChangeLast1st jan.
GAMESTOP CORP. -7.26% 89.15 Delayed Quote.-35.22%
PELOTON INTERACTIVE, INC. -8.08% 12.52 Delayed Quote.-64.99%
STARBUCKS CORPORATION -0.95% 72.72 Delayed Quote.-37.83%
WALMART INC. 1.25% 124.13 Delayed Quote.-15.27%
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