Consumer companies fell sharply amid fears renewed trade tensions would result in empty shelves at stores during the key holiday season.

New home sales rose 10.9% to 743,000 in April, outstripping economists' expectations as home builders lured buyers with incentives even as the larger used-home market atrophied.

The SPDR Select Home Builders exchange-traded fund fell roughly 5%.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

05-23-25 1743ET