Consumer companies were more or less flat as a slide in oil futures continued.
Yum agreed to sell Pizza Hut's operations outside mainland China to investment firm LongRange Capital for about $1.5 billion.
Yum China Holdings agreed to acquire Pizza Hut in mainland China in a separate deal for roughly $1.2 billion. The Chinese market has long been a jewel in Yum's crown.
German luxury car maker BMW cut its 2026 growth projections as the Middle East conflict took a heavier toll than expected and competition heated up in the key Chinese market.
Write to Rob Curran at rob.curran@dowjones.com
