Consumer Cos Rally on Mixed Jobs Data and Affordable Housing Proposal
ByAinvest
Friday, Jan 9, 2026 6:04 pm ET1min read
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Consumer companies rallied after mixed jobs data and Trump administration's proposal to buy mortgage bonds to make homeownership more affordable, driving down mortgage rates. Online real estate firms and home builders saw gains. Saks Fifth Avenue and Neiman Marcus parent is nearing a $1.25 billion bankruptcy financing package. Bob's Discount Furniture filed for an IPO, and a merger between Compass and Anywhere Real Estate was approved despite DOJ antitrust concerns. J Sainsbury raised its retail free cash flow outlook and reaffirmed operating profit guidance.
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