Consumer companies fell as mortgage rates hit the highest level in more than a year.

The average 30-year fixed-rate mortgage was 6.69%, according to Freddie Mac.

The number of homes going under contract fell 3.7% week-over-week nationwide, Redfin said, registering the steepest decline since 2022, as would-be buyers pressed pause amid high mortgage rates.

Restaurant Brands International's profit rose in the second quarter, as strength in Burger King U.S. offset a mixed performance in other brands.