Learn more

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares are trading higher by 1.6% to $54.47 during Thursday’s session. The stock is rising due to overall market strength, driven by strong jobless claims data. Additionally, Chipotle last week reported second-quarter earnings. The company reported adjusted EPS at 34 cents beating analyst estimates of 32 cents and sales of $2.97 billion beating analyst estimates of $2.94 billion. Why Economic Data MattersChipotle’s success is closely tied to consumer spending. The better-than-expected jobless claims data suggests a strong labor market, which typically tr…

cuu