Shares of retailers and other consumer companies ticked down as inflation concerns lingered.
Swiss food processor Nestle cited the continuing challenges of rising input costs and supply-chain snags, even as it boosted its outlook for sales growth.
Nestle's rival Procter & Gamble had also warned that it would have to raise prices to keep up with rising costs of everything from ingredients to warehouse space.
Investment firm Blackstone agreed to buy a majority stake in Spanx in a deal that values the company at $1.2 billion, with founder Sara Blakely retaining a significant stake.
The San Francisco Department of Public Health shut down indoor dining at an In-N-Out Burger restaurant last week after it found out the burger joint wasn't checking customers' vaccination status, violating a city and county mandate.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-20-21 1726ET
