LTH - Consumer stocks rattled after Moderna CEO warns on vaccine effectiveness

Consumer stocks are off to a shaky start after Omicron anxiety returns. This time it is not the politicians or analysts throwing a scare into the markets, but direct comments from Moderna's CEO on the effectiveness of vaccines against the new variant. "I think it’s going to be a material drop. I just don't know how much because we need to wait for the data. But all the scientists I’ve talked to...are like, This is not going to be good." Travel and leisure stocks are lower, led by F45 Training Holdings (FXLV -1.8%), Expedia (EXPE -3.1%), Play Hotels & Resorts (PLYA -3.0%), InterContinental Hotels Group (IHG -2.3%), Carnival (CCL -3.4%), SeaWorld Entertainment (SEAS -1.7%), Life Time Group (LTH -2.9%) and Six Flags Entertainment (SIX -1.8%). Restaurant stocks Red Robin Gourmet Burgers (RRGB -4.0%) and Dave & Buster's Entertainment (PLAY -2.7%) are also in negative territory. Macy's (M -4.1%), Kohl's (KSS -3.3%)

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Consumer stocks rattled after Moderna CEO warns on vaccine effectiveness