Shares of retail stocks are trading lower amid overall market weakness on rate hike concerns. Further rate hikes could pressure consumer spending.
Portfolio Pulse from Benzinga Newsdesk
Retail stocks are trading lower due to concerns over potential rate hikes, which could negatively impact consumer spending.
July 06, 2023 | 4:35 pm
News sentiment analysis
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NEGATIVE IMPACT
Farfetch's stock is trading lower due to concerns over potential rate hikes.
As a retail company, Farfetch could be negatively impacted by rate hikes, which could decrease consumer spending.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Nike's stock is trading lower due to concerns over potential rate hikes.
As a retail company, Nike could be negatively impacted by rate hikes, which could decrease consumer spending.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Overstock's stock is trading lower due to concerns over potential rate hikes.
As a retail company, Overstock could be negatively impacted by rate hikes, which could decrease consumer spending.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wayfair's stock is trading lower due to concerns over potential rate hikes.
As a retail company, Wayfair could be negatively impacted by rate hikes, which could decrease consumer spending.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100