Chewy shares are trading lower. US consumer sentiment data came in below estimates, which could pressure consumer discretionary stocks.
Portfolio Pulse from Benzinga Newsdesk
Chewy shares are trading lower due to US consumer sentiment data coming in below estimates, which could pressure consumer discretionary stocks.
June 14, 2024 | 7:28 pm
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Chewy shares are trading lower as US consumer sentiment data came in below estimates, which could negatively impact consumer discretionary stocks.
Chewy is a consumer discretionary stock, and lower consumer sentiment typically leads to reduced spending in this sector, negatively impacting stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100