Consumer companies rose amid optimism about holiday shopping season.

Among holiday-shopping destinations, shares of department-store chain Macy's rose sharply.

"Sweaters and outerwear are on full display, as Thanksgiving nears with more seasonal cooler weather, at Abercrombie & Fitch, American Eagle Outfitters, Anthropologie, DDS, Gap, Hollister, Urban Outfitters, and Zara," said analysts at brokerage Telsey Advisory Group.

McDonald's unveiled plans to expand its ownership stake in its Chinese operations as it looks to keep growing in the world's second-largest economy.

Write to Rob Curran at

(END) Dow Jones Newswires

11-20-23 1704ET