Consumer Staples Stocks Have Underperformed Lately, But They're Hot Today

Key TakeawaysConsumer staples stocks have struggled lately as consumers reassess their spending amid stubborn inflation.However, staple stocks rose Wednesday as investors moved out of technology stocks.Investors could be looking to hedge against economic weakness and capitalize on the sector's recent underperformance. While tech stocks are falling Wednesday, consumer staples are on the rise.  The S&P 500’s consumer staples sector was up 1.5%, making it the benchmark index’s best performer on a day when the ...