The food and beverage giant has been under pressure for several quarters, weighed down by shifting consumer preferences toward healthier options, stiff competition, and broader weakness in consumer spending.
The market is strong with majority of S&P 500 stocks above their 200-day moving averages. Energy stocks are leading, while defensive sectors may offer lower volatility. Traders can use volatility to their advantage for maximum returns.
Wall Street rose on Wednesday as investors shrugged off fresh trade uncertainty after the White House delayed the start of new tariffs to Aug. 1, raising hopes for new rounds of negotiations.
President Donald Trump sent markets into a tailspin Monday after officially announcing sweeping 25% tariffs on all imports from Japan and South Korea, starting Aug. 1. The new tariffs apply to all goods from the two Asian economies and are in addition to any existing sector-specific duties.
Major U.S. policy changes slash SNAP and Medicaid while introducing "Trump Accounts" for newborn investors. Explore how ETFs may be impacted across sectors.
Del Monte’s bankruptcy comes at a time when demand for branded packaged food has slowed in the country, as customers opt for private label products amid higher prices.
Analysts have noted that over recent months, Dollar General's low-cost products, which are also essential household items, have proven to be the company's selling point amid economic uncertainty.
