Consumer Staples ETFs in US Market Experience Negative Performance on July 7, 2023

The US Consumer Staples ETF market witnessed a downturn in performance on July 7, 2023, as the overall market experienced a -1.83% decline.

The US Consumer Staples ETF market faced a setback on July 7, 2023, with a -1.83% decline in performance. This market, valued at approximately 1 billion EUR and consisting of 4 Exchange-Traded Funds (ETFs), encountered an overall downward trend. Notably, three significant ETFs in this market experienced corresponding decreases in daily returns: iShares S&P 500 Consumer Staples Sector UCITS ETF (IUCS) saw -1.33%, Xtrackers MSCI USA Consumer Staples UCITS ETF (XUCS) dropped by -1.31%, and SPDR S&P U.S. Consumer Staples Select Sector UCITS ETF (SXLP) experienced a -1.26% decline.

This downturn can be associated with the performance of prominent companies within this industry. Walmart Inc. (WMT) displayed a -2.30% decrease in daily returns, negatively impacting the market. Similarly, Costco Wholesale Corp. (COST) observed a -2.29% decline. Procter & Gamble Co. (PG) also contributed to the overall downturn, recording a -2.10% daily return. Additionally, PepsiCo Inc. (PEP) experienced a -1.89% decline in daily returns. These companies' performance over the past week further reflected their weakening positions within the market, with declines ranging from -1.16% to -2.48% over the seven-day period.

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