Shares of Campbell's, The Marzetti Company, and Colgate-Palmolive jumped sharply as investors rotated out of semiconductors and AI names into defensive consumer staples during a global chip selloff. Campbell's rose 4.5%, The Marzetti Company gained 4.2%, and Colgate-Palmolive advanced 3.1%. The S&P 500 consumer staples sector climbed about 1.7%, the best performer among all 11 sectors, while the broader S&P 500 fell more than 1%. Packaged-food stocks led the move, with Conagra Brands up roughly 5% and General Mills up more than 3%, as traders sought stable-cash-flow defensives amid hawkish rate repricing and questions over stretched AI valuations.
Conagra Brands, Inc.
Colgate-Palmolive Company
Campbell’s Co
General Mills Inc
The Marzetti Company
Procter & Gamble Company