Consumer Cos Down as Oil Prices Surge - Consumer Roundup

Consumer companies fell as oil futures spiked, weighing on airline stocks.

The U.S. Global JETS exchange-traded fund, a basket of airlines, fell by more than 2%, and is now down by more than 10% from a recent peak, as the U.S. war with Iran drove up fuel costs and caused widespread airport closures, stranding passengers all over the world.

Airports in Doha, Dubai and elsewhere in the Middle East have become key stops on some of the world's most crowded transit arteries.

Shares of pleasure-cruise firm Norwegian Cruise Line fell sharply new chief executive said he was focused on cutting bureaucracy to turn around the cruise operator that is facing pressure from an activist investor.

Shares of Turning Point Brands slumped after the company posted fourth-quarter earnings short of analysts' expectations, despite robust demand for its nicotine pouches.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

03-02-26 1714ET