Consumer Cos Up as Fuel Price Fears Subside - Consumer Roundup

Consumer companies rallied as fuel-price fears subsided.

"The drop in oil price has major implications for specific industries and companies," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.

"What comes to mind are things like airlines and freight companies and cruise lines. Those would be some of the industries that would seem to be relishing an 80 handle barrel of oil right now."

Among airlines, shares of Delta Air Lines rose to a new all-time high. Cruise firm Carnival rose by more than 3%.

Champ, a new fund backed by fashion giant LVMH and more than 200 professional athletes, said it was making its first investment, buying a minority stake in U.S. activewear brand Rhoback for about $50 million.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 15, 2026 17:03 ET (21:03 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.

Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.

Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.

Popular

Sponsor Center