An electronic stock board shows Japan’s Nikkei 225 index outside a securities firm Friday, June 7, 2024 in Tokyo. A cyclist moves past an electronic stock board showing Japan’s Nikkei 225 index outside a securities firm Friday, June 7, 2024 in Tokyo. People move past an electronic stock board showing Japan’s stock prices outside a securities firm Friday, June 7, 2024 in Tokyo.
Stock for another retailer, Five Below, fell 10.6%. Its profit and revenue last quarter fell short of analysts’ expectations, and CEO Joel Anderson said struggles for the company’s core lower-income customers dragged on results, even as it saw strong growth from higher-income customers. Another factor that’s helped U.S. consumer spending stay so strong has been a remarkably solid job market. A report on Thursday showed some potential softening there as well.
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