Shares of retailers and consumer services companies ticked down amid concerns about growth in certain sub sectors. Shares of casino chains Wynn Resorts and Las Vegas Sands fell after June gambling revenue in the key Chinese market of Macau came in short of expectations. Nordstrom fell after analysts at brokerage Cowen cut their rating on the department store chain, saying there were signs that its Rack discount brand was lagging the sales-growth performance of "off-price" rivals. Food processor Nestle entered talks to take control of Canada's Champion Petfoods for more than $2 billion, The Wall Street Journal reported. The deal comes as activist investor Dan Loeb's Third Point hedge fund, which has a multibillion dollar holding in the Swiss company, repeated its call for a breakup.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 02, 2018 16:53 ET (20:53 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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