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Consumer Shares Rise Amid Stronger Consumer Sentiment -- Consumer Roundup

06/11/2021 | 05:06pm EDT

Shares of retailers and other consumer companies were higher, led by consumer discretionary stocks.

Consumer sentiment in the U.S. rose in early June, reversing part of the fall registered in May, amid an improvement of the short-term outlook and easing inflation expectations.

The preliminary estimate of the index of consumer sentiment released by the University of Michigan came in at 86.4 in June, up from 82.9 in May. The reading is above expectations from economists polled by The Wall Street Journal, which had forecast the indicator to increase to 84.4.

McDonald's said hackers stole some data from its systems in markets including the U.S., South Korea and Taiwan, in another example of cybercriminals infiltrating high-profile global companies.

Crown Resorts is facing additional scrutiny into its business practices after Australia's Victoria state widened an inquiry into its suitability to hold a casino license.

 Write to Amy Pessetto at amy.pessetto@dowjones.com 

(END) Dow Jones Newswires

06-11-21 1705ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.36% 34930.93 Delayed Quote.14.83%
MSCI TAIWAN (STRD) -0.53% 685.153 Real-time Quote.14.91%
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