NEW YORK Restaurant stocks fell and then recovered Monday on news that a bump in consumer spending in June was offset by increased costs, leading investors to worry about future discretionary spending on restaurant meals. The NRN Index increased 0.65 percent Monday, after dropping earlier in the day by as much as 1 percent.According to data released Monday by the federal Bureau of Economic Analysis, consumer spending rose 0.6 percent from May to June, but when accounting for price ...
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Contact: Desiree Torres Desiree.Torres@penton.com