Shares of retailers and other consumer companies rose slightly after mixed economic data.
In one promising sign for consumer spending, household income rose 10% in January, thanks to a big boost from stimulus checks, the Commerce Department said.
The University of Michigan's index of consumer sentiment stood at 76.8 in February, down from 79.0 in January.
Stomach-churning volatility in GameStop continued, as the price of the videogame retailer's shares swung between $142 and $86 before finishing modestly lower at just over $100.
A group of investors led by luxury titan Bernard Arnault agreed to buy a majority stake in Birkenstock G, valuing the sandal maker at around EUR4 billion, equivalent to $4.87 billion, completing the once pilloried Birkentock shoe's journey through the cycles of fashion, The Wall Street Journal reported.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-26-21 1715ET
