Consumer Cos Up as Oil Continues its Retreat — Consumer Roundup

Consumer stocks rose as oil prices retreated, boosting sentiment. The University of Michigan consumer-sentiment index improved to 49.5 in June from May's low. Conversely, Zalando shares fell after Germany's financial regulator launched an audit into its financial statements, alleging omitted transactions related to the About You acquisition.

Consumer companies rose as oil futures continued their retreat, boding well for gasoline prices.

In the final June reading, the University of Michigan consumer-sentiment index rose to 49.5 from a record low of 44.8 in May, as the peace deal in Iran caused gasoline prices to retreat from multiyear highs.

Shares of Zalando fell after Germany's financial regulator said it launched an audit of the online retailer's financial statements, alleging that a transaction related to its acquisition of About You might have been omitted.

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

(END) Dow Jones Newswires

June 26, 2026 18:09 ET (22:09 GMT)

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