Consumer Cos Up After Services Data -- Consumer Roundup

Shares of retailers and other consumer companies rallied after a strong reading of services-sector activity and as investors anticipated another round of U.S. stimulus.

The Institute for Supply Management's non manufacturing index rose to 57.8, up from 56.9 in August.

Shares of RealReal rallied after the luxury reseller struck a deal with Gucci to build an online store with RealReal's store to handle resale of the premier luxury houses clothes.

Separately, Gucci owner Kering said it was selling part of its stake in the German Puma athletic brand.

Food processors including Campbell Soup and Kellogg are working to increase their output and protect workers as the virus continues to spread, determined to meet increased demand during the pandemic without allowing the virus to interrupt their own production, The Wall Street Journal reported.

The Internal Revenue Service is investigating longtime National Rifle Association Chief Executive Wayne LaPierre for possible criminal tax fraud related to his personal taxes, The Wall Street Journal reported.

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(END) Dow Jones Newswires

10-05-20 1714ET