Consumer companies rose after surprisingly resilient retail sales data.
Retail sales were flat in June from the year earlier, surpassing economist forecasts for a 0.4% decline.
German sportswear giant Adidas boosted its sales and earnings projections for the year after posting better-than-expected results for the second quarter as customers bought more products despite less promotional activity.
Chicken processor Tyson Foods' suspended chief financial officer John R. Tyson pleaded not guilty following his June arrest on charges including driving while intoxicated and careless driving.
Cartier-owner Richemont reported a steep sales drop in China in its most recent quarter, the latest luxury group to take a hit from weak demand in a market that was once a growth engine for the industry.
Hugo Boss cut its sales outlook for the year, becoming the latest high-end fashion player to warn about consumer spending levels for luxury goods.
British luxury brand Burberry Group continued its retreat. In a bad sign for the housing market, the National Association of Home Builder's confidence gauge hit its lowest level since December.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-16-24 1711ET
