Shares of hotels, restaurants and leisure companies fell in midday trading Monday as the broader markets reacted to news JPMorgan Chase & Co. will save Bear Stearns Cos. with a $2-per-share buyout.
The buyout adds an additional layer of uncertainty to an already troubled market.
Shares of Wyndham Worldwide Corp. fell $1.34, or 6.5 percent, to $19.33.
Shares of Starwood Hotels & Resorts Worldwide Inc. lost $1.97, or 3.9 percent, to $48.73.
Marriott International Inc. shares slid $1.07, or 3.3 percent, to $31.83.
Shares of cruise ship operator Carnival Corp. dropped $1.37, or 3.6 percent, to $36.48.
Wendy's International Inc. shares declined 42 cents to $23.08.
McDonald's Corp. shares decreased 82 cents to $53.97.
Starbucks Corp. shares shed 19 cents to $17.20.
Shares of International Game Technology, which makes casino equipment, fell 24 cents to $43.52.
Bucking the trend, shares of Darden Restaurants Inc. rose 7 cents to $29.35.
And shares of Yum! Brands Inc., which operates KFC, Pizza Hut, Taco Bell and others, added 15 cents to $36.18.
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