Consumer companies continued their retreat after a dire reading of consumer confidence.
The University of Michigan survey's headline index fell to 50.3 in November, from 53.6 last month, based on preliminary November responses, one of the grimmest readings in the history of the index.
Restaurateurs sounded alarm signals. Shares of salad chain Sweetgreen tumbled after it warned that younger customers were staying away, echoing similar statements from other Generation Z favorites such as Chipotle.
Burger chain Wendy's said it would close hundreds of locations, in the latest sign that Americans were eating out less.
Swedish furniture-kit firm IKEA posted a sharp drop in full-year earnings as tariffs, rising costs of raw materials and price-cutting efforts all weighed on the company's bottom line.
Theme-park company Six Flags said it plans to invest in high-performing parks and could sell some less popular ones, steps that come as the amusement park company contends with declining revenues and activist pressure.
British Airways owner International Consolidated Airlines Group posted a drop in net profit and flat revenue after fewer passengers chose its airlines to fly across the Atlantic during its key summer period.
Flight cancellations across the U.S. could rise to 15%, or even 20%, if the government remains shut down, Transportation Secretary Sean Duffy warned.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-07-25 1733ET
