“Wining and Dining” on the Stock Exchange
With Memorial Day marking the unofficial start of the summer season in the United States, it's not only outdoor activities, vacations and barbecues that see a spike in consumer spending. The "Wining and Dining" sector, a combination of the beverage and restaurant industries, also experiences a significant surge, as people indulge in festive meals, chilled drinks, and dine-out experiences. This increase in consumer spending often serves as a catalyst for summer growth in related stock sectors.
