The consumer sector was among the top losers in a day marked by hawkish rhetoric by the Fed. New Chairman Kevin Warsh vowed to bring inflation down to target while officials predicted a rate increase this year.
CarMax quarterly earnings beat forecasts for the period ended May 31. CarMax's fiscal first-quarter sales and operating revenues beat expectations as the used-car retailer sold more vehicles and said its turnaround strategy appears to be taking hold.
U.S. retailers' sales grew by 0.9% last month, versus the 0.4% growth recorded in April, surpassing analysts' expectations.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
June 17, 2026 16:46 ET (20:46 GMT)
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