Shares of retailers and other consumer companies rose as investors bet retailers would benefit from rising consumer prices.
The Labor Department said the consumer-price index jumped 2.6% in the year ended March, the highest since August 2018, and rose a seasonally adjusted 0.6% in March from February.
Americans are eager to splurge on meals with signs of pent-up demand for restaurant fare, said Chris Pappas, chief executive of food supplier Chefs' Warehouse, as reported earlier.
Walmart is searching for a new chief ethics and compliance officer, with the current executive in that role, Daniel Trujillo, set to leave the company.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-13-21 1627ET
