Risky consumer cos hit, discretionary a bad word

Newswire

By Alexandria Sage SAN FRANCISCO, June 23 (Reuters) - High-risk consumer companies selling nonessential products to increasingly wary U.S. consumers took a hit on Monday, as Goldman Sachs said the consumer sector would continue to falter in coming months. Companies that rely on consumer spending and face questions about prospects for growth or survival were summarily sold in a day when the overall market barely budged. Motorola Inc , Ford Motor Co , Pier 1 Imports Inc and Talbots Inc ...

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