Consumer companies fell amid trepidation about earnings.
Tapestry shares rose as strong sales at its Coach handbag brand offset weakness at other luxury labels such as Kate Spade, resulting in roughly flat fiscal first quarter sales as Tapestry prepares to merge with rival, Michael Kors' Capri.
Unions representing Las Vegas Strip workers struck a tentative agreement with MGM Resorts International a day after a similar deal with MGM rival Caesars Entertainment.
The number of Americans who applied for unemployment benefits last week fell slightly to 217,000, as a long-anticipated jobs-growth slowdown remains elusive.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-09-23 1739ET
