Shares of restaurant stocks are trading lower possibly amid overall market weakness due to a rise in the 10-year Treasury yield.
Portfolio Pulse from Benzinga Newsdesk
Restaurant stocks are experiencing a decline in share prices, potentially due to a rise in the 10-year Treasury yield, which is causing overall market weakness.
October 07, 2024 | 7:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The Cheesecake Factory's stock is trading lower, likely due to the broader market impact of rising 10-year Treasury yields.
The rise in the 10-year Treasury yield is causing market weakness, which is negatively impacting restaurant stocks like CAKE.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Cracker Barrel's stock is experiencing a decline, possibly due to the negative market sentiment from rising Treasury yields.
The increase in the 10-year Treasury yield is contributing to overall market weakness, affecting stocks like CBRL.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Dine Brands Global's stock is down, likely influenced by the broader market decline due to higher Treasury yields.
Higher 10-year Treasury yields are causing market weakness, negatively impacting restaurant stocks such as DIN.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Darden Restaurants' stock is trading lower, potentially due to the market impact of rising Treasury yields.
The rise in the 10-year Treasury yield is contributing to market weakness, affecting stocks like DRI.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Restaurant Brands International's stock is experiencing a decline, possibly due to the negative market sentiment from rising Treasury yields.
The increase in the 10-year Treasury yield is contributing to overall market weakness, affecting stocks like QSR.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Wingstop's stock is down, likely influenced by the broader market decline due to higher Treasury yields.
Higher 10-year Treasury yields are causing market weakness, negatively impacting restaurant stocks such as WING.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50