Consumer companies rose amid mixed signals on the outlook for spending.
Speaking at a conference in Europe, Fed Chairman Jerome Powell reiterated his stance that the economy remained solid, giving the central bank the luxury of time. That view was validated by data showing that new job postings rose to 7.77 million at the end of May from 7.4 million in the prior month, reaching a six-month high.
There are signs that hiring is slowing, however, and traders are betting the June payroll tally will be less sanguine, putting further pressure on the Fed to cut rates before the end of the year.
Lululemon Athletica has filed a lawsuit against Costco Wholesale, alleging that the warehouse-club chain is selling knockoff versions of its popular yogawear through its Kirkland private-label brand.
British supermarket chain J Sainsbury reiterated its fiscal 2026 growth projection after posting an increase in sales for its first quarter, driven by a better grocery performance.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-01-25 1838ET
