Starbucks’ Drop Weighs On Consumer Discretionary ETFs
June 10, 2020 at 14:06 PM EDT
Starbucks has dropped almost 5% on Wednesday, as the company reported it anticipates a loss in its fiscal third quarter, predicting it gave up as much as $3.2 billion in revenue on account of the coronavirus pandemic, which shuttered stores for months. Amid a broad market decline ahead of the FOMC...