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Stock impact report

Why Restaurant Stocks Jumped Today [The Motley Fool]

Bloomin' Brands, Inc. (BLMN) 
Last bloomin' brands, inc. earnings: 2/18 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
What happenedShares of restaurant stocks were flying higher on optimism for an upcoming reopening of the U.S. economy. The news came as President Trump encouraged states to start reopening and as some, like Ohio and Wisconsin, outlined plans for businesses to come back to life in the coming weeks. At the same time, investors responded enthusiastically to a report that remdisivir, a drug made byGileadsome successThese news items showed progress in overcoming the outbreak, and investors sent restaurant stocks roaring higher as the sector is particularly sensitive to the shutdown, with dining rooms closed in most locations. Among the winners today wereDarden Restaurants(NYSE:DRIBloomin' BrandsNASDAQ:BLMNYum! BrandsNYSE:YUMWendy'sNASDAQ:WENTexas RoadhouseNASDAQ:TXRH 00Image source: Getty Images.So whatThere was not a lot of company-specific news out on these stocks today, though Olive Garden-parent Darden Restaurants received an outperform rating from Wolfe Research, which initiated cover Show less Read more
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