Shares of retailers and other consumer companies fell amid a surge in coronavirus cases around the world.
Among the biggest decliners were the travel and leisure stocks, like Royal Caribbean and Marriott International, that have come under the most pressure this year during the pandemic.
Hasbro logged a larger profit year over year in the latest quarter, but revenue from the company's operations that rely on live events suffered during coronavirus pandemic.
In deal news, the parent of Dunkin' and Baskin-Robbins said it has held early talks to go private in an acquisition by Inspire Brands, whose portfolio includes the Arby's, Buffalo Wild Wings and Jimmy John's restaurant chains. The acquisition offer comes as the coffee, doughnut and ice cream chain has wrestled with lower sales due to the Covid-19 pandemic.
Coca-Cola Co. agreed in principle to sell its stake in its Australian bottler to one of its European affiliates, its latest move to reduce exposure to costly bottling operations and focus on the more lucrative concentrate-making business.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
10-26-20 1703ET
