Shares of retail and consumer discretionary stocks are trading lower amid overall market weakness on rising Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Retail and consumer discretionary stocks are trading lower due to overall market weakness caused by rising Treasury yields.
October 03, 2023 | 5:05 pm
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NEGATIVE IMPACT
Abercrombie & Fitch Co. (ANF) stock is trading lower due to market weakness caused by rising Treasury yields.
Rising Treasury yields often lead to a sell-off in the stock market as investors move towards safer assets. This is causing a decrease in the stock price of ANF.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Lululemon Athletica Inc. (LULU) stock is trading lower due to market weakness caused by rising Treasury yields.
Rising Treasury yields often lead to a sell-off in the stock market as investors move towards safer assets. This is causing a decrease in the stock price of LULU.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PVH Corp. (PVH) stock is trading lower due to market weakness caused by rising Treasury yields.
Rising Treasury yields often lead to a sell-off in the stock market as investors move towards safer assets. This is causing a decrease in the stock price of PVH.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Sleep Number Corporation (SNBR) stock is trading lower due to market weakness caused by rising Treasury yields.
Rising Treasury yields often lead to a sell-off in the stock market as investors move towards safer assets. This is causing a decrease in the stock price of SNBR.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wayfair Inc. (W) stock is trading lower due to market weakness caused by rising Treasury yields.
Rising Treasury yields often lead to a sell-off in the stock market as investors move towards safer assets. This is causing a decrease in the stock price of Wayfair.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100