Get all your news in one place.
100's of premium titles.
One app.
Start reading

The financial toll of right-wing backlash: At least $28B in market value

Data: Yahoo! Finance; Chart: Axios Visuals. Correction: The chart was fixed to show the data is based on the S&P 500 index, not S&P Global's stock.

Social issues are creating a market downdraft for America's mainstay brands — just ask Target, Anheuser Busch, Kohl's and their collective $28.7 billion loss in market value since the beginning of April.

Why it matters: Fiercely contested cultural issues have always aroused political passions, and held sway over electoral politics.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.