Shares of retailers and other consumer-services companies rose amid generally strong earnings performance. Almost four out of every five consumer discretionary companies in the Standard & Poor's 500 that have reported earnings so far have surpassed Wall Street pegs, according to Thomson Reuters Proprietary Research. Hertz Global Holdings shares slid after the rental-car company reported a quarterly loss that was wider than analysts had projected. Lower resale values and a fleet comprising too many passenger cars weighed on results. Southwest Airlines plans to move from its 30-year-old reservations system to a new technology platform, catching up with rivals.
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(END) Dow Jones Newswires
May 09, 2017 16:46 ET (20:46 GMT)