Shares of many consumer-facing companies were trading lower on Monday afternoon, on investor concerns about the growing likelihood of higher interest rates in the United States.
Here's where things stood as of 2:15 p.m. ET for these three consumer companies' stocks, relative to their closing prices on Friday:
All of these stocks, and many others, were trading lower primarily on worries about interest rates. The benchmark 10-year U.S. Treasury rate jumped over the weekend, from 1.77% on Friday to 1.8% on Monday morning, on the growing consensus that the Federal Reserve will begin raising interest rates in March.
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