Nike, Shopify, Celsius hit yearly lows as inflation bites

MSN
2026.05.14 06:21
portai
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Nike, Shopify, and Celsius have reached 52-week lows due to inflation and demand concerns affecting consumer and growth-linked stocks. U.S. inflation rose 3.8% year-over-year in April, driven by increasing fuel and living costs, raising worries about sustained spending pressure. While discount retailers like Grocery Outlet exceeded earnings expectations, larger brands are struggling with slowing sales growth and profitability issues.