Consumer companies rose sharply as the U.S.-U.K. trade deal spurred hopes that tariffs would not weigh as much as previously feared.
"We had a big economy, a mostly friendly country come back to us, which is fantastic," said JJ Kinahan, chief executive of brokerage tastytrade, an IG unit. "I think where we have to go from here, we need to get momentum; we need to knock down a few countries in a row."
Restaurant Brands International's first-quarter revenue and adjusted earnings missed Wall Street's expectations, as the Burger King and Popeyes parent cited "a slower start to the year."
Molson Coors' first-quarter net income fell 42% and the beverage company slashed its sales and underlying earnings projections for the year, citing intensified competition in overseas markets and economic blues among consumers.
Peloton Interactive shares fell sharply after the maker of digitally-connected workout machines posted a wider-than-expected loss in its fiscal third quarter.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-08-25 1846ET
