Market Currents
Investors think Americans will dine out less and pick cheaper options, according to performance...
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Friday, September 9, 2011, 9:03 AM ETInvestors think Americans will dine out less and pick cheaper options, according to performance of stocks in the sector. The Bloomberg Full Service Restaurant Index is off 21% since July 5 led by DRI, CAKE and EAT, a much bigger decline than the Bloomberg Quick Service Restaurant Index with fast-food chain stalwarts like MCD and WEN - only down 5% for the same period.
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