US retail sector faces pressure due to elevated interest rates; Dollar Tree and Dollar General stocks decline, while Walmart, Costco, TJX, Carvana, and DoorDash shares grow.
Elevated US interest rates put pressure on US retail sector; Dollar Tree and Dollar General stocks down 27% and 9% respectively. Investors focus on firms with customers who can withstand higher rates or offer discounts, leading to growth in shares of Walmart, Costco, TJX Companies, and online retailers Carvana and DoorDash. Fed not indicating change in borrowing costs.
June 14, 2024
3 Articles
