Consumer companies rallied as traders rotated into economically sensitive sectors.
Shares of American Airlines rose after the carrier forecast salutary demand for summer travel.
Southwest Airlines shares fell after the domestic carrier's booking-system woes dragged it into the red for the first quarter.
Consumer-products concern Church & Dwight rose after the consumer-products maker boosted its full-year sales growth target to as much as 7% from a year earlier.
Retail chain Gap plans to eliminate 1,800 jobs as part of a broad restructuring aimed at making the company more nimble and less bureaucratic.
U.S. pending-home sales fell 5.2% in March, according to the monthly index released Thursday by the National Association of Realtors.
Hershey Co. shares rose after the chocolatier forecast robust 2023 sales growth.
Separately, Hershey said it was launching an income accelerator to assist cocoa farming households in Ivory Coast, part of its efforts to address child-labor issues in the farming community there.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-27-23 1707ET
