Shares of packaged-food and household-product companies rose sharply as investors rotated out of semiconductor and AI names during a global chip selloff. The S&P 500 consumer staples sector gained about 1.7%, the best of all 11 sectors, while the broader S&P 500 fell more than 1%. Among the movers, Energizer climbed 2.8%, Cal-Maine jumped 4.1%, and B&G Foods rose 3.2%, with Conagra Brands up about 5% and General Mills more than 3%. The rotation was driven by defensive positioning as the chip selloff and hawkish rate repricing under new Fed Chair Kevin Warsh pushed capital into stable-cash-flow sectors, though analysts noted the move could reverse quickly if AI names stabilize.
B&G Foods Inc
Conagra Brands, Inc.
Cal-Maine Foods Inc
Energizer Holdings Inc
General Mills Inc
Procter & Gamble Company