Donuts Win, Burgers Lose as Stock Markets Finish Slightly Lower

The stock market had a turbulent day on Thursday, although the closing moves for the Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) ended up being relatively small. The minutes from the latest Federal Open Market Committee meeting on monetary policy had some investors on edge, while others focused on potential fallout from consumers.


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Data source: Yahoo! Finance.

Restaurant stocks were among the many industries featuring companies releasing key news, and different niches experienced different movements. Shares of newly public Krispy Kreme (NASDAQ:DNUT) finished the day significantly higher, but the news wasn’t nearly as good for Red Robin Gourmet Burgers (NASDAQ:RRGB). Below, we’ll look at both reports to see what insight they can provide about the industry.

No holes in this company

Krispy Kreme shares finished higher by more than 14% on Thursday. The donut maker’s shareholders reacted favorably to news that it apparently has pricing power to withstand some adverse trends in the restaurant industry.

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