Shares of retailers and other consumer companies rose as Omicron worries subsided somewhat.
Supermarket chain Albertsons said its stores benefited from strong vaccine demand and higher pricing for groceries, lifting profits and sales for the company's latest quarter.
German sportswear concern Adidas agreed to a major new office lease in downtown Los Angeles, a sign that the Californian city's redevelopment plans are drawing major office tenants even during the pandemic.
New waves of infection from Covid 19 variants have delayed revenue per available room recovery for the lodging sector worldwide, said analysts at credit-ratings agency Fitch.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-11-22 1726ET
