Shares of retailers and other consumer-services companies rose amid deal prospects.
Investment firm Cerberus Capital Management is working on a bid for teen-apparel retailer Abercrombie & Fitch alongside American Eagle Outfitters, which could give American Eagle the edge over competing bidders for its struggling rival.
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IKEA Chief Executive Peter Agnefjall resigned in a surprise move less than four years after stepping into the role.
Existing-home sales fell 2.3% in April from March's revised level to a seasonally adjusted annual rate of 5.57 million -- partly because of tight inventory -- according to the National Association of Realtors.
(-By Rob Curran, firstname.lastname@example.org)
(END) Dow Jones Newswires
May 24, 2017 16:27 ET (20:27 GMT)