Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Consumer Cos Up As Investors Buy Into Hard-Hit Travel Cos -- Consumer Roundup

share with twitter share with LinkedIn share with facebook
08/10/2020 | 04:56pm EDT

Shares of retailers and other consumer companies rose as investors looked past the toll the pandemic has taken on the travel business and bet the U.S. government would provide more relief to the industry and the consumer.

Marriott International shares rose after the hotel chain posted a larger-than-expected quarterly loss on Monday, as investors focused on a budding recovery in China.

Shares of cruise line Royal Caribbean rallied even after it said its revenue nearly dried up for the second quarter, sending it to a loss of more than $1.6 billion.

Theme-park company SeaWorld Entertainment rallied after it said profit and sales fell more sharply than Wall Street expected in the latest quarter as attendance at its parks plummeted.

McDonald's said it is suing former Chief Executive Steve Easterbrook and seeking to recoup tens of millions of dollars it paid him in severance and benefits, alleging that he lied to the board about sexual relationships with employees before his ouster last fall.

 

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

Stocks mentioned in the article
ChangeLast1st jan.
MARRIOTT INTERNATIONAL., INC. 1.18% 93.78 Delayed Quote.-38.86%
MCDONALD'S CORPORATION 0.90% 221.39 Delayed Quote.11.07%
ROYAL CARIBBEAN CRUISES LTD -0.69% 64.21 Delayed Quote.-51.52%
SEAWORLD ENTERTAINMENT, INC. -0.56% 19.6 Delayed Quote.-37.81%
share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
11:29aBoeing to move 787 production to South Carolina in 2021
RE
11:27aOil drops 5% on weak demand outlook and higher OPEC supplies
RE
11:25aCOEUR MINING : to Present at Gold Forum Americas
PU
11:16aNEWS HIGHLIGHTS : Top Company News of the Day
DJ
11:16aNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
11:16aNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
11:15aBANK OF MONTREAL : SEC Filing (424B2) - Primary Offering Prospectus
PU
11:11aCanada launches C$10 billion infrastructure plan to aid post-coronavirus recovery
RE
11:09aPelosi, Mnuchin approach 11th hour on U.S. COVID-19 aid talks
RE
11:09aJobless Claims Hold Steady for Fifth Straight Week -- 2nd Update
DJ
Latest news "Economy & Forex"