6 Restaurant Stocks That Moved Up on Today's Fed Announcement
Shares of restaurant stocks are surging today on news that the Federal Reserve is taking more action to help provide access to capital for more businesses. The Fed said it would provide $2.3 trillion in loans, mainly to small and midsize businesses, and expand its corporate lending program to some companies with riskier debt that had been excluded before.
As a result of this news, investors are feeling much more optimistic about the prospects for the restaurant industry to ride out the coronavirus recession. The following six restaurant stocks were up big in early trading -- several by double-digits -- though they've given up some of those gains this afternoon:
As of 2:54 p.m. EDT. Data source: YCharts.
Source Fool.com
