Dip-buying absent in early NY trading, Wall Street deep in red as trade war fears escalate despite strong jobs report. Investors on edge for hints from Fed Chair Powell.
Starbucks has followed the market’s trajectory closely. The stock is down 8.8% to $88.10 per share over the past six months while the S&P 500 has lost 6.9%. This might have investors contemplating their next move.
Several restaurant stocks are taking a beating on Thursday as broader markets tumble in reaction to sweeping reciprocal tariffs from the Trump administration.
Shares of coffeehouse chain Starbucks (NASDAQ:SBUX)
fell 10.7% in the morning session after President Trump announced "reciprocal tariffs" on all US imports, set at a rate of 10% or more. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the traditional fast food stocks, including Jack in the Box (NASDAQ:JACK) and its peers.
Five of the hottest buys for April have what it takes for their stock prices to move higher: strong results, a positive outlook, and support from the analysts.
Amid layoffs and economic anxiety, Gen Z workers are adopting Steve Jobs-inspired work uniforms to reduce decision fatigue, blend in at the office, and feel more in control of their careers.
