Consumer Cos Up on Iran Cease-Fire -- Consumer Roundup

Consumer companies rallied as fears about a prolonged energy shock subsided.

Oil-sensitive travel-and-tourism issues rallied.

Delta Air Lines rose after it posted a quarterly loss due to rising fuel costs and warned of $2 billion in incremental costs in the current quarter. The Atlanta carrier recently joined JetBlue Airways and United Airlines in boosting fees on checked bags for domestic travel and other routes.

Cruiselines such as Carnival also surged.

The SPDR Select Home Builder exchange-traded fund surged by more than 5% as diminished fears of a lasting energy shock pulled Treasury yields down, alleviating concerns about a spike in mortgage rates.

Levi Strauss shares rallied as the jeans maker said its direct-to-consumer strategy was paying off, spurring better-than-anticipated sales in the latest quarter.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

04-08-26 1758ET