Consumer Stocks Drop on Earnings and Guidance, Jobs Report Looms
Consumer-focused stocks like Planet Fitness, Shake Shack, and Whirlpool fell sharply after disappointing earnings and guidance, dragging down the S&P 500. The market remains on track for weekly gains despite the losses. The upcoming April jobs report is expected to show a slowdown in job creation.
Tickers: $MCD $PLNT $SHAK $WHR
Topics: consumer stocks earnings economic data market reaction