Consumer Stocks Rally as Oil Prices Drop on Iran Peace Hopes

Travel and leisure sectors led the market gains as lower fuel costs promised relief for operating margins. Shares of major cruise lines and airlines climbed alongside booking giants like Booking.com and Airbnb, reflecting optimism that cheaper energy will keep discretionary spending resilient.

Corporate earnings also provided a tailwind for the sector. McDonald's reported a rise in quarterly profit and revenue, with international growth shielding the company from persistent weakness in its domestic market. Simultaneously, Kraft Heinz boosted its full-year sales guidance, confirming that its strategic turnaround efforts are beginning to yield tangible results.