Consumer companies fell as oil fears offset deal activity.
Barry Diller's People Inc., the billionaire's holding company formerly known as IAC Interactive, has offered to take over the part of casino chain MGM Resorts it doesn't already own in a deal that would value it at around $12.4 billion.
Investment conglomerate Berkshire Hathaway agreed to buy home builder Taylor Morrison Home for $6.8 billion in cash.
Investment firm Castlelake said any offer for easyJet would value the airline at least at $4.12 billion, slightly above the last closing price for an airline whose valuation has slumped during the Iran conflict.
Rival discount airline JetBlue said it was seeing strong demand across all geographies, particularly for close-in travel and routes previously operated by Spirit following the budget airline's liquidation. Still, one strategist said the retail and travel sector would continue to see bifurcated, "k-shaped" fortunes.
