Shares of retailers and other consumer companies rose as traders bet consumer spending would continue to grow in the U.S. despite fears about the spread of the Delta variant.
U.S.-listed shares of Chinese educational concerns took another tumble amid further signs that Beijing was preparing to curtail for-profit tutoring services.
Shares of China Online Education Group and Gaoto Techedu Group were among those that tumbled, each racking up year-to-date losses in the region of 90%, after a government report called into question the need for after-school education.
Purchases of new single-family houses in the U.S. fell in June for the third consecutive month, reflecting low inventories and high prices, contracting by 6.6% from a year earlier.
Foreign purchases of U.S. homes declined for a fourth straight year, sliding 27% to $54.4 billion, as the Covid-19 pandemic sharply limited international travel.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-26-21 1704ET
