Consumer companies fell amid mixed earnings signals.
Abercrombie & Fitch shares slid after the youth fashion retailer tweaked its sales and earnings forecasts. Abercrombie now expects sales for the year to grow at least 6%, a slight change from the previous 6%-to-7% target.
Urban Outfitters shares rose after the street fashion chain logged holiday sales growth.
Burger chain Shake Shack said inclement weather in some of its most heavily penetrated markets hurt sales during the recent quarter, resulting in lower than expected revenue.
Heineken said Chief Executive Dolf van den Brink plans to step down at the end of May after almost six years at the helm, leaving the world's second-largest brewer searching for a new leader at a challenging time.
President Donald Trump's administration could reward some home builders and punish others in a "carrot-and-stick" approach to housing affordability, Federal Housing Finance Agency director Bill Pulte said in a Monday interview with Barron's.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-12-26 1754ET
