Consumer companies rose as traders sloughed off a warning about discretionary spending from one major snack maker.
The war-related spike in oil and gasoline prices took a toll on PepsiCo's earnings. Chief Executive Ramon Laguarta said the Iran war had a meaningful impact on sales of the company's snacks and beverages during the latest quarter.
Shares of some sellers of staples, including Walmart and Target, fell slightly.
Used-home sales rose 2.8% in June from a year earlier to a seasonally adjusted annual rate of 4.09 million homes sold, the National Association of Realtors said.
German fashion brand Hugo Boss asked shareholders to reject British retail firm Frasers Group's $2.2 billion takeover bid, saying it undervalued the company.
