Consumer companies rose after strong data on consumer sentiment.
The final reading of the December consumer sentiment survey inched up to 69.7 from 69.4 earlier in the month, the University of Michigan said.
U.S. new-home sales fell 12.2% to an annual rate of 590,000 in November, from a revised 672,000 in the prior month, the Commerce Department reported Friday.
The weak housing data could quell concerns about a revival of inflation.
Shares of atheticwear makers slid after a surprise cut to sales-growth expectations from market leader Nike.
Shares of Nike fell by more than 10% after it Adidas, Puma and others fell in sympathy.
Shares of Adidas, Puma, Dick’s Sporting Goods and JD Sports Fashion fell in sympathy.
Write to Rob Curran at [email protected]
Read the full article here