In company news, Group 1 Automotive (GPI) was ending 1.8% lower after announcing the purchase of two additional auto dealerships in the greater Dallas-Fort Worth metropolitan area. Financial terms were not disclosed. Group 1 said Classic Chrysler Dodge Jeep Ram and Classic Mazda are expected to generate around $150 million in combined revenue on an annualized basis.
Amontg gainers, ThredUp (TDUP) climbed 5.7% after Wedbush Tuesday began coverage of the secondhand clothing seller's stocks with an outperform rating and a $25 price target.
Lululemon athletica (LULU) added 1.3% after the exercise apparel and equipment company authorized a $500 million increase for its stock buyback program, making $641.2 million available for share repurchases.
Pepsi (PEP) rose 0.7% after reporting net income and sales exceeding Wall Street expectations and increasing its FY21 organic sales forecast to 8% growth over year-ago levels compared with the food and beverage giant's prior guidance for a 6% increase.
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