Consumer Cos Up In Volatile Session -- Consumer Roundup

Shares of retailers and other consumer companies rose in volatile trading as some of the biggest losers during a volatile week regained some ground.

Shares of videogame store chain GameStop and cinema chain AMC Entertainment rose slightly, but were each still down by 35% or more for the year to date.

The University of Michigan's gauge of consumer sentiment fell to a final January reading of 67.2, down from an initial reading of 68.8 and well below the December reading of 70.6. Friday's figure represents the lowest level of consumer sentiment since November of 2011, and came as inflation concerns build.

The personal-consumption expenditures index of inflation, the Federal Reserve's preferred inflation benchmark, soared 5.8% in 2021, the fastest pace since 1981.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

01-28-22 1713ET