Why Starbucks, Shake Shack And Dutch Bros Shares Are Falling

Shares of several companies in the restaurants and leisure sector, including Starbucks Corporation SBUX, Shake Shack Inc SHAK and Dutch Bros Inc BROS, are trading lower amid continued uncertainty from the Russia-Ukraine conflict which has weighed on stocks and economic sentiment.

As the Russia-Ukraine conflict persists, the SPDR Dow Jones Industrial Average ETF Trust DIA has fallen by 4.20% at $332.71 over the past month, the SPDR S&P 500 ETF Trust SPY has lost 3.68% to $424.23 and the Invesco QQQ Trust Series 1 QQQ has fallen by 5.39% to $328.35. Stocks have also suffered losses in early 2022 as investors react to US inflation data, Fed tapering outlook and a new 2-year high in the 10-year US Treasury yield.

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Starbucks is trading lower by 2.50% at $84.99.

Shake Shack is trading lower by 4.59% at $63.65.

Dutch Bros is trading lower by 7.72% at $48.88.