Consumer companies rose after earnings from one global restaurant chain.
McDonald's shares rallied despite reporting a drop in U.S. same-store sales and earnings following an E. coli outbreak last year. "It seems investors are encouraged over international strength offsetting weakness domestically," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
Hermes rose amid optimism ahead of the French couture house's earnings report. Hermes has distinguished itself as among the few luxury labels able to eke out growth during a shift in consumer appetites to more economic and sustainable fare.
Consumer stocks were volatile ahead of the consumer-price index reading later this week amid mixed readings of price trends.
China's consumer inflation accelerated in January. Meanwhile, the New York Fed's consumer survey's inflation-expectations gauge held steady at a modest level.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 10, 2025 17:07 ET (22:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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