Consumer companies rallied after generally strong earnings and a slide in oil prices.

A 5.7% drop in oil futures based on hopes for a peace deal between the U.S. and Iran sparked a rally in airline shares. The U.S. Global JETS exchange-traded fund, a basket of airlines, rose by more than 6%.

Target shares fell after the discount chain warned that an increase in customer spending in the fiscal first quarter could be a one-off impact of tax refunds.

Deep discounter T.J. Maxx's parent TJX Cos. boosted its annual growth projection.

Home-improvement chain Lowe's reported higher first-quarter sales, even as a stagnant housing market continues to weigh on do-it-yourself home improvement activity.

Hasbro executives see some obstacles ahead before the company can lift its guidance for the second half of the year.

Burger chain Wendy's said former Chief Operating Officer Robert Wright would return as chief executive officer.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

05-20-26 1735ET