Consumer Staple Stocks Scratch Out Small Gain Wednesday

Consumer stocks were ending mixed today, with shares of consumer staples companies the lone sector in the S&P 500 to advance today, rising less than a 0.1% while shares of consumer discretionary firms in the S&P 500 slipped about 0.4%. In company news, Angie’s List (ANGI) still was edging higher in late Wednesday trading after the consumer-review website company on Tuesday said it is exploring options to speed its growth.

The company has hired Allen & Co. and Bank of America Merrill Lynch to assist with the strategic review, CEO Scott Durchslag said in prepared remarks. The disclosure followed Angie’s List also reporting Tuesday an in-line $0.13 per share net loss on $79.7 million in revenue, missing analyst estimates by around $2.5 million.

ANGI shares were up slightly more than 2% at $7.73 apiece, previously topping out today at $8.13 a share.

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