CONSUMERS STA (XLP)

U.S. stocks advanced across the board by midday Friday, with the S&P 500 eyeing its ninth consecutive day of gains—poised for the longest winning streak since May 2024.

The company will open a new facility in Ohio and expand its South Carolina plant.

Similar to peer Mondelez, Hershey is maintaining its full-year forecast.

​​​​​​​Technology was the top-performing sector in the market last week. But the devil is in the details this time.

Investors are pulling out of top tech ETFs, despite strong performance, in favor of blue-chip stocks. Defensive sectors see inflows as tech weakens.

P&G CFO Andre Schulten said the company will focus on pricing, productivity, and innovation in the near term to counter the impact of President Donald Trump’s recent tariffs.

U.S. equities are pushing higher for a third straight session, eyeing the longest winning streak since the Trump tariff announcement on April 2, as optimism over corporate earnings and easing trade tensions boosts risk sentiment.

The company now expects full-year earnings per share to decline by 3%, marking a reversal from its earlier forecast, which called for mid-single-digit growth.

Earlier this week, smaller rival Kimberly-Clark lowered its annual profit target and warned that tariffs would raise input costs.

The Q1 report will likely set the tone for the packaged consumer foods sector this season and give a peek into how they will reposition themselves against higher import duties.

Risk-on sentiment dominated Wall Street on Wednesday, as upbeat earnings reports and conciliatory messages from the Trump administration helped lift investor confidence.

The FDA and food industry currently have an "understanding", not an agreement, for phasing out artificial colorants, the regulator said.

Shares fell 1.5% on Tuesday even as the benchmark S&P 500 index gained on reassuring remarks from top U.S. officials.

Amazon has been present in India for over a decade, while Walmart entered the local e-commerce market in 2017 with its $16 billion purchase of Flipkart.

The market is unequivocally saying an economic slowdown is in the cards. You simply don’t get utilities and staples as the leaders in a strong tape.