Disappointing Q2 Results Cause Chipotle’s Shares to Tumble, Meta’s Revenue Surges by 11%, and Dow Index Marks Remarkable 13-Day Winning Streak
Credit: google
In the finance world, Chipotle faces a setback as its Q2 results fall short of Wall Street’s expectations, leading to a 9% decline in its shares. As consumers tighten their belts due to stubborn inflation, companies like Coca-Cola and Unilever also report slower purchases. On the other hand, Meta’s strategic focus on efficiency pays off with an impressive 11% revenue growth in Q2, lifting its stock by 7%. Meanwhile, the Dow Jones Industrial Average secures its longest winning streak since 1987, boosted by robust corporate earnings and recession fears fading away. The Federal Reserve’s decision to hike interest rates does little to sway the market, and the S&P 500 and Nasdaq Composite see minimal fluctuations. Market players closely monitor Russia’s withdrawal from the Black Sea grain initiative, fearing its potential impact on global food security and inflation. Wheat futures fall by 5.3% on the news.
Chipotle $CMG shares fall after burrito chain misses on same store sales growth https://t.co/lAQ8xBl0SA pic.twitter.com/wOcPXACnd6
— Streetinsider.com (@Street_Insider) July 26, 2023
RELATED NEWS
WEB STORIES FOR YOU
Stay connected with Today On Globe for the latest Global Issues and News Updates.
Explore more related articles at [TOG News / TOG Article]
