Consumer staples on track for best month since 1998 as sector surges
FROM THE WIRE · SEEKINGALPHA.COM
[Trolley filled with groceries in wholesale store Landscape] Smile/DigitalVision via Getty Images The S&P 500 consumer staples sector is on track for its strongest monthly performance since October 1998, with the sector’s latest advance standing out against a history of sharp…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong monthly gain in the S&P 500 defensive sector, relevant for sector allocation.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The S&P 500 Consumer Staples sector rose 11.64% in October.
- 02The sector is on course for its best month since October 1998.
- 03The chart was shared by Kevin Gordon of Schwab Center.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
The Procter & Gamble Company161.40 USD-1.63%today -1.89%Positive The Coca-Cola Company93.32 USD-1.44%today -2.12%Positive PepsiCo, Inc.135.35 USD-2.51%today -2.51%Positive Walmart Inc.119.94 USD-0.97%today -0.97%Positive Costco Wholesale Corporation1,009.27 USD-0.88%today -0.88%Positive State Street Consumer Staples Select Sector SPDR ETF88.33 USD-1.65%today -1.84%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets