Retailers and other consumer companies fell after more evidence of inflation taking its toll on consumers' appetite for spending.
Shares of CarMax slid after the secondhand car dealership warned that consumers were balking at purchases because of higher interest rates and inflated prices. Rival Carvana also fell sharply.
Airline cancellation figures rose sharply Thursday as a severe winter storm snarled tens of thousands of holiday travelers.
Under Armour said Stephanie Linnartz will join the company as its first female president, chief executive and a member of the board.
The average 30-year mortgage rate fell to the lowest level since September.
Investors have bought into high-end homebuilders in recent weeks despite softness in the overall stock market, said Eric Marshall, president of mutual-fund firm Hodges Capital. Shares of Toll Brothers and D.R. Horton, for example, are each up about 10% in the last month.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-22-22 1657ET
