Shares of retailers and other consumer companies rose as worries about inflation subsided.
Fears of inflation have tapered off in recent sessions, alongside the price of commodities.
The Justice Department has told casino mogul Steve Wynn to register as a lobbyist in connection with his 2017 efforts to obtain a diplomatic favor long sought by Chinese authorities, and is preparing to go to court to force him to comply, The Wall Street Journal reported.
"Meme stocks" have rallied again this week. Shares of GameStop rose 15%, bringing its gains on the week to more than 40% as Reddit-inspired day traders piled into shares of the videogame store once again. Shares of Express, another "meme stock," rallied by more than 25%.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-26-21 1657ET
