Consumer companies ticked up amid deal activity.

Department store Nordstrom received a buyout proposal from the founding Nordstrom family and Mexican retail group El Puerto de Liverpool in a deal that values the company at around $3.76 billion. The higher-end chain had thrived for years while rivals fell by the wayside, but has struggled to regain momentum after the global pandemic.

China's Caixin Services purchasing managers index dropped to 51.6 in August from 52.1 in July, said Caixin Media and S&P Global.

Dick's Sporting Goods shares traded lower after the seller of sneakers and other sports wear posted a strong quarter and boosted its outlook.

Mortgage applicatiosn rose in the latest weekly tally as mortgage rates fell for the fifth week in a row.


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

(END) Dow Jones Newswires

09-04-24 1732ET