NEW YORK Restaurant stocks couldn’t maintain their December and New Year’s rally as more grim economic news, including a December unemployment rate of 7.2 percent, led to a sector downturn for the first week of 2009. For the week ended Jan. 9, the Nation’s Restaurant News Stock Index fell 5.64 percent, a heavier weekly decline than the Dow Jones industrial index, which dropped 4.82 percent, and the S&P 500 index, which fell 4.45 percent. On Friday, the NRN index fell ...
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Contact: Desiree Torres Desiree.Torres@penton.com