Consumer companies rallied after strong jobs data and second-quarter electric-car sales tallies.
Fears that consumer spending was set to contract following a string of soft jobs reports were assuaged somewhat after a Labor Department report showing an increase in job openings.
The Federal Trade Commission voted unanimously to block Tempur Sealy's proposed $4 billion acquisition of Mattress Firm due to competition and pricing concerns, challenging a bedding deal years in the making.
Chewy shares continued to slip as investors looked askance on a report that "Roaring Kitty" meme trader Keith Gill had taken a large stake in the online pet-food distributor.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-02-24 1649ET