U.S. restaurants climb as Wall Street rebounds after five-day selloff

Dennys

27/09/2022 16:29

** Shares of U.S. restaurants climb, with Wall Street's main
indexes rising for the first time after a brutal five-day
selloff  .N 
    ** Fast-food chains Wendy's  WEN.O , Taco Bell-parent Yum
Brands  YUM.N  and Burger King owner Restaurant Brands
International  QSR.N  up 0.2% to 1% after five straight days of
losses
    ** Burger giant McDonald's  MCD.N , however, down ~1% as
Citi Research cuts PT; set for sixth straight session of
decline urn:newsml:reuters.com:*:nL4N30Y2GN
    ** Coffee chain Starbucks  SBUX.O  rises 0.8%, while
doughnut chain Krispy Kreme  DNUT.O  gains 1.5%; Cheesecake
Factory  CAKE.O  and Shake Shack  SHAK.O  up 5% and 4.2%,
respectively        
    ** Burrito chain Chipotle Mexican Grill  CMG.N  climbs 1.5% 
    ** Chili's-parent Brinker International  EAT.N  jumps more
than 6%, with Olive Garden-owner Darden Restaurants rising 3.4%
 DRI.N  and Denny's  DENN.O  up ~5%
    ** The S&P 500 Restaurants  .SPLRCREST  index had fallen
~18% YTD, as of last close     
 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))