Consumer staplesw, a group of dividend-paying stocks long-viewed as bond proxies, has been among the worst performing sectors this year.
Those headwinds have fueled a selling frenzy as investors look to reduce their exposure to the former Steady Eddies. The consumer staples sector -- Paddy Cosgrave has stepped down from his role as chief executive officer of Web Summit after his remarks following attacks on Israel earlier this month caused high-profile attendees, including Alphabet Inc. and Meta Inc., to pull out of the show.
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Procter & Gamble, PepsiCo, Hershey: Consumer stocks to watchConsumer staples stocks – long viewed as a top safety play – are among the worst performers this year. They declined more than 9% compared to S&P's 12% gain ...
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