Consumer companies fell following mixed earnings reports.
Shares of Warby Parker fell by more than 20% after the eyewear retailer said that strength in contact lens sales continued to weigh on profitability.
Sleep Number tanked Wednesday, after the mattress maker and retailer swung to a surprise quarterly loss, predicted a loss for the full year and said it settled a dispute with activist shareholder Stadium Capital.
Caesars Entertainment rose after reports the casino chain had reached a tentative settlement with unions representing workers on the Las Vegas Strip.
Mortgage rates fell by 25 basis points over the last week, the biggest drop since July 2022, but the average 30-year rate remained above 7.6%.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-08-23 1720ET
