Updated from 1:43 p.m. EST
Grocery stocks followed the broader market down Monday despite an uptick in consumer spending for January.
According to the Commerce Department,
rose 0.6% in January after falling for a record six straight months, driven by a 1.3% rise in purchases of nondurable goods led by greater spending on food.
Stocks didn't react well to the news, however:
Safeway closed down 1.2% to $18.28.
Kroger fell 1.7% to $20.32.
Winn-Dixie dropped 3.4% to $9.34.
Whole Foods fell 4.8% to $11.57.
Great Atlantic & Pacific Tea Co. was down 11.1% to $3.62.
Supervalu was down 2.6% to $15.21.
Wal-Mart fell 2.4% to $48.04.
Costco fell 3.5% to $48.84.
BJ's Wholesale Club fell 5.5% to $28.23.