Shares of retailers and other consumer companies rose slightly as investors looked past the rollback of some reopening measures in California and other hard-hit states.
Credit-ratings agency Moody's placed cruise lines Carnival, Royal Caribbean Cruises and Norwegian Cruise Line Holdings' operating unit on review for downgrade, citing uncertainty stemming from higher coronavirus cases in some states.
U.S. consumer prices rose sharply in June while states were broadening efforts to reopen, with costs snapping back for products and services that were hit hard by the coronavirus pandemic.
AutoNation, the largest U.S. dealership chain, said Tuesday its former Chief Executive Officer, Cheryl Miller, won't return to the company from a three-month medical leave, making her the second chief executive to exit from the top job in about a year.
Swedish oat-milk maker Oatly sold a $200 million stake to a group led by investment firm Blackstone Group that includes Oprah Winfrey, Natalie Portman, former Starbucks chief Howard Schultz and the entertainment company founded by Jay-Z.
RSG Group, operator of Germany's McFit fitness clubs, has won an auction to acquire Gold's Gym International out of bankruptcy for $100 million.
The U.S. is considering scaling back restrictions on overseas students living in the U.S. while taking remote classes.
Delta Air Lines trimmed plans for more summer flights amid rising Covid-19 cases nationwide after a $5.7 billion loss for the latest quarter underscored the depth of the crisis facing the aviation industry.
Write to Rob Curran at rob.curran@dowjones.com
