US SMALL/MIDCAPS-Green Mountain lifts consumer staples - (Reuters)
(Reuters) - Green Mountain shares boosted the mid-cap consumer staples sector on Wednesday, with the company moving to defend its dominant position in the competitive single-cup coffee market.
Green Mountain Coffee Roasters Inc said Starbucks Corp-branded coffee will be available on its new line of brewers. The move eased concerns the company would end its relationship with Starbucks, which has announced plans to launch its own single-cup coffee and espresso machine.
Green Mountain's shares jumped 10 percent to $55.79. The move helped to lift the S&P mid-cap consumer discretionary sector 1.5 percent, a stand out in an otherwise flat market.