Consumer Cos Rise After Housing Data -- Consumer Roundup

Shares of retailers and other consumer companies rose amid signs that record low mortgage rates are keeping the U.S. housing market hot.

Used-home sales rose 0.7% in December from November to a seasonally adjusted annual rate of 6.76 million, a 14-year high, according to the National Association of Realtors.

Shares of Beyond Meat rose even after brokerage BTIG warned that fast-food chains appear to be focusing on chicken sandwiches rather than synthetic meat with new offerings.

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(END) Dow Jones Newswires

01-22-21 1722ET