Consumer Shares Fall Led by Consumer Staples Stocks -- Consumer Roundup

Shares of retailers and other consumer companies fell, led by losses in consumer staples shares.

Meme stocks popular among small investors on social media continued their bout of wild volatility.

AMC Entertainment climbed 15%, adding to last weekís gains of 83%. GameStop was up 13%. Macy's and Mondelez are among the businesses negotiating longer payment terms after getting used to them during the coronavirus pandemic.

Big U.S. companies on average took 58 days to pay suppliers in their first quarters of fiscal 2021, up 5.5% from 55 days in the comparable period last year, according to research from Hackett Group.

Write to Amy Pessetto at [e-mail]

(END) Dow Jones Newswires

06-07-21 1704ET