Consumer Cos Up After Amazon Earnings — Consumer Roundup

Consumer companies rose after strong earnings from Amazon.com.

One strategist said the stock market was taking a sanguine approach to the U.S. election, but that the resulting shifts in policy could eventually weigh.

"If there's a worry for the market, it's beyond the actors," said Quincy Krosby, chief global strategist at brokerage LPL Financial. "It's really the concern about the deficit and tariffs becoming they are more of a burden on the U.S. consumer. Ultimately, that's where higher tariffs go; that's inflationary as are all of the tax benefits."

One of the few things both candidates have in common, Ms Krosby said, is that neither ever mentions the deficit.

In October, job creation plunged to 12,000, down from a revised 223,000 in September, according to Labor Department data. Unemployment held steady at 4.1%, but the sharp drop in payroll growth made it hard to discern the underlying trend from the short-term impact of hurricanes Helene and Milton, and a Boeing strike.

Shares of Wayfair shares fell after disappointing guidance from the home-furnishings retailer overshadowed a strong quarter.

Write to Rob Curran at rob.curran@dowjones.com