Shares of retailers and other consumer companies rose as traders bet the Omicron variant would not trip up the resurgence in travel and leisure activities.
The U.S. Global JETS exchange-traded fund, a basket of major airlines, rose by more than 6%, recouping losses triggered by reports on the Omicron variant a day earlier.
Shares of Royal Caribbean rose by more than 7%. Kroger shares rallied after the supermarket chain said sales grew 3.1% at stores open at least 15 months from a year ago, the latest quarter as consumers continued to opt for eating at home, but said higher supply-chain costs are squeezing its profits.
Golden Nugget parent Fertitta Entertainment plans to terminate its proposed merger with special-purpose-acquisition company Fast Acquisition, citing a failure to close on the target Dec. 1 date.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-02-21 1706ET
