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S&P 1500 Restaurants Index Falls 1.1% Today, Hits 6-Week Intraday Low

GateNews

2026-05-13 18:09:35

On May 13, the S&P 1500 Restaurants Index fell 1.1% to an intraday low unseen since March 30, with 16 of 19 component stocks declining. Cheesecake Factory, Brinker, Cava, and Wingstop led losses among restaurant operators.

Higher-than-expected inflation readings weighed on the sector. Producer prices reported Wednesday and consumer prices reported Tuesday both exceeded forecasts, dampening expectations for near-term Federal Reserve rate cuts.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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