Consumer Cos Up as Rate Hopes Offset Earnings Weakness -- Consumer Roundup

Dow Jones03-21

Consumer companies rose slightly as hopes for Federal Reserve rate cuts offset weak earnings.

Nike shares slid after the sneaker maker's earnings report failed to quell concerns that it was losing global market share to competitors such as Adidas and Deckers Outdoors.

Shares of cruiseline Carnival fell despite a report of better-than-anticipated earnings growth. Shares of Carnival ran up during a postpandemic boom in cruise travel, but have cratered in 2025 due to economic growth fears. Carnival shares remain up by almost 17% from 12 months ago.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

March 21, 2025 17:07 ET (21:07 GMT)

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