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Chipotle, Starbucks, Domino’s hit all-time highs as investors shrug off Covid

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Chipotle restaurant in New York City

Scott Mlyn | CNBC

Domino’s Pizza, Chipotle Mexican Grill and Starbucks hit all-time highs on Thursday as investors shrugged off any concerns about the delta Covid variant.

On Monday, stocks fell sharply over concerns about a resurgence of Covid cases tied to the variant. The S&P 500 tumbled 2.1%, and pandemic losers like airline and hotel stocks bore the brunt of the losses. Shares of Starbucks and Domino’s also dipped.

The U.S. reported more than 52,000 new Covid cases on Wednesday, according to Johns Hopkins University. But fears tied to the resurgence of infections took a backseat for restaurant stocks.

Shares of Domino’s climbed more than 12% in…



Source cnbc.com

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