Large U.S. consumer names modestly higher afterhours as port strike ends

The International Longshoremen’s Association and the United States Maritime Alliance announce they have “reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025 to return to the bargaining table to negotiate all other outstanding issues. Effective immediately, all current job actions will cease and all work covered by the Master Contract will resume.” Shares of large U.S. consumer names were modestly higher afterhours on the announcement: Walmart (WMT) ended the session up 0.5%, Target (TGT) up 0.7%, Costco (COST) up 0.4%, BJ‘s Wholesale Club (BJ) up 0.4%, Best Buy (BBY) up 0.6%, Dollar General (DG) up 1.1%, Amazon.com (AMZN) up 1.2%, and Wayfair (W) up 1.9%.