Consumer companies were more or less flat as mortgage rates crossed a psychologically significant barrier.
The 30-year mortgage rate fell below 6% for the first time since 2022, in a development that could stir demand for homes and refinancing.
Hormel Foods fell after the maker of Skippy peanut butter, Planters nuts and Spam warned elevated commodity costs may continue to pressure margins over the coming year.
Shares of J.M. Smucker surged after the jam-maker struck an agreement with activist investor Elliott Investment Management and appointed two new members to its board.
Walmart agreed to pay $100 million to settle Federal Trade Commission claims that the retailer misled delivery drivers about the pay and tips they could earn.
Krispy Kreme said profit margins rose during the fourth quarter as the doughnut chain's turnaround gained momentum, though revenue fell after it exited underperforming locations.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-26-26 1746ET
