Consumer companies rose as oil futures gave back some of their recent gains.
"Europe, in particular, and Asia as well -- so much of their oil comes from abroad," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
"If you think about the world's supply-demand equilibrium, 20% of daily volume basically goes through the Strait of Hormuz. Oil is a fungible type commodity...with arbitrage, it's not like we're immune to price movement [either]."
The U.S. Global JETS exchange-traded fund, a basket of airlines, rose roughly 2% but remains down roughly 13% for the year to date.
Storage complex developer Public Storage agreed to acquire rival National Storage Affiliates in a $5.63 billion all-stock deal. The self-storage company said Monday that the deal will expand its fast-growing areas, including the Sun Belt region.
Dollar Tree shares rose after the discounter swung to a fiscal fourth-quarter profit as higher prices offset the impact of winter weather.
Yogawear chain Lululemon Athletica rose ahead of its fiscal fourth-quarter sales tally, but remains about 24% lower for the year to date.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-16-26 1714ET
