Shares of retailers and other consumer companies were higher, led by gains in consumer discretionary shares.
A key test for markets will be Friday's U.S. consumer-price index. The closely watched inflation gauge is expected to register a rise of 8.2% in May from a year earlier, according to economists surveyed by The Wall Street Journal.
Amazon.com is a three-digit stock again. The e-commerce giant's 20-for-1 stock split, announced in March, went into effect Monday.
Starbucks is considering only external candidates for its next chief executive officer, as interim CEO Howard Schultz said the company needs to add new talent and skills to its senior leadership ranks.
The first Sony car will likely be a high-end model featuring entertainment such as movies and videogames for which owners will pay extra, the company's chief executive said. Sony Group's Kenichiro Yoshida spoke in an interview after a visit to partner Honda Motor's factory in Marysville, Ohio. Sony and Honda said in March they would form a joint venture to sell an electric vehicle starting in 2025.
Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at grocery-chain Kroger after concluding he is likely to lose as he did a similar fight at McDonald's last month.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
06-06-22 1736ET
