Investing
Add as a preferred source on GoogleThe Consumer Staples Select Sector SPDR Fund returned 10.94% for the month, while the S&P 500 declined 0.94%.
October returns showed a wide gap between the Consumer Staples Select Sector SPDR Fund (XLP) and the S&P 500, with the fund gaining 10.94% as the index lost 0.94%.
The returns put the fund 11.88 percentage points above the index over the month. XLP is the fund’s ticker.
The result adds to earlier EconoTimes coverage of staples outperformance.
During Nov. 4 trading, the S&P 500 advanced 0.99%, and the Nasdaq Composite rose 0.07%.
The Dow rose 3.35%, the S&P 500 gained 1.55% and the Nasdaq advanced 0.69%.
The index stood about 3% below its peak. AI capital spending at large technology firms was falling as shares of companies receiving that investment declined.
