Walmart and Consumer Staple Stocks Fall Again on Weight-Loss Drug Concerns

Consumer staple stocks stumbled again Friday, extending their losses in the wake of Walmart ‘s warning about a dip in food purchases from consumers taking weight-loss drugs.

Snack and beverage companies also saw their stocks fall Friday. Shares of Mondelez International —maker of Oreos, Wheat Thins, and Chips Ahoy!—slid 4% to $62.47 in recent trading. Jelly company J.M. Smucker ‘s stock was down 2.5% to $113.55. Neither Mondelez nor Smucker’s responded to a request for comment.

The drugs’ outlook has also led to a panic among some investors that are assessing the potential impact on sales for restaurants, snacks, and soda. Those fears might be a stretch, some analysts say.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Walmart and Costco lead selloff of consumer-staple stocks after jobs report ignites rate hike worriesS&P 500 Consumer Staples Sector Index on track for worst one-day selloff of 2023
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Why High Interest Rates Hurt Clean Energy Stocks More Than Oil StocksCompanies that build wind and solar projects depend heavily on the debt market while oil companies can fund projects out of operating cash.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »