Blame Walmart for Consumer Firms' Worst Month in Nine Years
- Walmart accounts for 16% of consumer stocks’ loss this month
- Consumer staples stocks are second-biggest losers in S&P 500
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The U.S. may be enjoying soaring consumer confidence and signs of strengthening wage growth, but food, beverage and household companies just logged their worst month since 2008.
The main culprit: Walmart Inc., which fell the most in eight years after posting disappointing fourth-quarter e-commerce growth.