Consumer Morning Trading Update

US equities started the second half of 2026 in negative territory as markets priced in higher interest rate probabilities. Consumer sector headlines were dominated by Nike's disappointing guidance and Kroger's acquisition of Giant Eagle.

Key Takeaways

• 1.US equities opened the second half of 2026 lower amid hawkish Fed sentiment.
• 2.Nike shares fell following weak guidance and comments that management does not expect the operating environment to improve over the next six months.
• 3.Kroger announced a $1.65 billion agreement to acquire family-owned Giant Eagle.

Table of Contents

• Pre-Market - Movers and Most Active
• Retail
• Staples
• Gaming/Restaurants
• GS Research
• Street Actions
• Calendar
• Performance

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