1248 ET - S&P 500 sectors are tanking across the board, but one them is escaping the worst of the decline: consumer staples. That sector is down about 3% today and was the only one in the green on Thursday. The sector's losses today, led by Estée Lauder and Archer-Daniels Midland, are being partially offset by gains from Dollar Tree, as investors bet a downturn in consumer sentiment and stretched budgets will lead to higher demand for the discount retailers. Conagra Brands and Target are also higher. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 12:48 ET (16:48 GMT)
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