So far, fear has driven investors to sell consumer-exposed stocks. A basket of such companies — including Oreo cookies maker Mondelez International Inc. and Modelo beer producer Constellation Brand Inc. — is down nearly 9% since early August with losses roughly double those of the S&P 500 Index, while makers of things like insulin pumps have wiped out close to a third of their value over the same stretch amid concerns that fewer people will need their products.

  • Jo Miran@lemmy.ml
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    1 year ago

    I discussed this with my wife at least two or three months ago. I’m glad to see Bloomberg continues to feed investors the stalest data possible.

      • Jo Miran@lemmy.ml
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        1 year ago

        Meaning, that this has been on the news for months. Also, it’s not a dig on you, it’s a dig on Bloomberg. Instructional investors already have puts in place. Late articles like this just fuck the individual investors.

        EDIT: *institutional