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The U.S. stock market’s consumer sectors remain “unfavorable” amid ongoing concern over how tariffs may change shopping behavior, according to the Wells Fargo Investment Institute.
Recent second-quarter earnings from consumer companies in the S&P 500
SPX “showed mixed results that suggested tariff uncertainties were affecting shoppers,” said Douglas Beath, global investment strategist at the Wells Fargo Investment Institute, in a note Monday.
This post was originally published on Market Watch
