Unloved Consumer Names Like Walmart and Nike Face Pressure as Rate Hike Draws Near

(Bloomberg) -- Stocks that are most closely tied to the health of the US consumer have trailed the broader market badly this year. A potential Federal Reserve interest-rate hike Wednesday may add to the segment's stress. Most Read from Bloomberg MBS and Saudi Arabia Face Crisis With Escalating Houthi Attacks, Oil Pipeline Shut EU Proposes Canada Become the Bloc's First 'Associate Member' US 10-Year Yield Rises to Highest Since 2007 as Fed Looms Bond Market's 'Extreme' Short Counts on Fed to Deliver Hike Trump Jr.'s Wife Says Russian Paid for Parties But Not Wedding The S&P 500 Consumer Discretionary Index, home to names like Walmart Inc., McDonald's Corp. and Target Corp., has dropped 5.