Consumer companies fell sharply as traders braced for a slowdown in consumer spending.
The three biggest retailers by revenue in the U.S. -- Costco, Walmart and Amazon -- made up about 17% of retail sales and roughly 57% of retail sales growth in the last three reported quarters, likely adding to recent struggles for grocery chains and deep-discount stores, The Wall Street Journal reported.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-02-25 1720ET