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Consumer staples sector falls 3% in Q3 as oil, inflation and tech rotation weigh (XLP:NYSEARCA)

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State Street’s Consumer Staples Select Sector SPDR ETF (XLP) fell around 3% in the September quarter, pressured by surging oil prices, a shift toward risk-on tech/AI stocks, hotter inflation data that reduced rate-cut hopes, and margin concerns at major holdings such as Walmart (

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