Consumer Staples Stocks Buck the Market Declines – The Wall Street Journal

Forex Market Stock Traders

Shares of some companies selling household basics are climbing Thursday amid a broader selloff in U.S. stocks.

The S&P 500’s consumer staples sector is down less than 1% today, compared with a 3.88% decline from the broader index. The sector, along with all other ten sectors, is down, but substantially less so.

Investors often scoop up shares of companies that sell household goods for their hefty dividend yields and steady businesses during volatile markets and when anxieties about the direction of the economy increase.

Major indexes tumbled Thursday as high inflation, rising interest rates and growing concerns about corporate profits and economic growth dent investors’ appetite for risk.

Consumer stocks trading higher in the green today include Procter & Gamble, Hormel Foods Corp., and Colgate-Palmolive Corp., with Kraft Heinz and Kellogg Co. wavering up and down.

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