Consumer companies were more or less flat as traders hedged their bets on the outlook for growth in the sector.

Rover Group has agreed to be acquired by private-equity firm Blackstone in a deal that values the online pet-care marketplace at about $2.3 billion.

Lower mortgage rates and easing prices will help spark the beginning of an affordability turnaround in 2024, Realtor.com said.

The bankruptcy estate of Bed Bath & Beyond has filed the largest ever lawsuit with the Federal Maritime Commission, seeking around $300 million from Mediterranean Shipping Co. for allegedly overcharging to move its cargo during the pandemic.

Petco Health & Wellness stock lost a quarter of its value Wednesday after the pet goods retailer posted an unexpected loss and said shoppers are holding back.

Spirit Airlines is offering early retirement packages to salaried corporate employees, citing waning demand outside of peak periods and engine problems that will keep part of its fleet on the ground next year.

Hormel shares fell sharply after the food processor reported fiscal fourth-quarter earnings of 42 cents a share on revenue of $3.2 billion, both slightly shy of Wall Street targets.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-29-23 1728ET