Consumer Staples Become This Earnings Season’s Punching Bag
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This earnings season has not been kind to consumer staples stocks, at least not so far.
Shares of the S&P 500 Consumer Staples Index have lost 4 percent since the beginning of the earnings season. That’s roughly the same as the combined losses in five other S&P sectors that have traded to the downside since the earnings season kicked off. The S&P 500 Index has slid 0.2 percent during that time.