Consumer Cos Down as Long-Term Treasury Yields Rise — Consumer Roundup
Consumer companies fell as long-term Treasury yields rose in the wake of the Federal Reserve's decision to hold rates steady.
Mortgage rates are often benchmarked to long-term Treasurys, suggesting the U.S. housing market could come under further pressure.
Brinker International shares rose after its Chili's chain continued a red-hot streak of bucking broad weakness in the food-service industry.
Shares of VF fell as a prolonged wholesale slump at its flagship Vans brand weighed on quarterly earnings.
Shares of Wendy's rallied after activist investor Nelson Peltz's Trian offered to buy the burger chain for about $1.4 billion.
Distiller Davide Campari-Milano said a strategy of focusing on a smaller number of core brands is paying off, driving sales growth in categories of aperitifs and tequila worldwide, despite growth challenges in the U.S.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 28, 2026 17:44 ET (21:44 GMT)
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