Shares of retailers and other consumer companies fell as traders hedged their bets on the outlook for spending.
Hopes for a rapid revival for the cruise business were tempered by one major shipping line's earnings preview. Cruiseline Carnival generated $546 million in revenue for the three months that ended Aug. 31, a period that included its restart out of the U.S. after a hiatus of more than one year.
Bankrupt licensing business Sequential Brands Group said a potential buyer of its Joe's Jeans line has raised its offer, while Jessica Simpson and her family are closer to finalizing a bid for a majority stake in her lifestyle collection.
Coffee Shop chain Starbucks is pushing back against an employee unionization drive as workers at some Buffalo, N.Y., stores attempt to become the first company-owned cafes in the U.S. to organize.
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(END) Dow Jones Newswires