Coca-Cola Saps Some Fizz From Staples ETFs
February 15, 2019 at 12:46 PM EST
The Consumer Staples Select Sector SPDR ETF (NYSEArca: XLP), the largest exchange traded fund tracking the consumer staples sector, traded lower Thursday after Dow component Coca-Cola Co. (NYSE: KO) gave downbeat 2019 earnings guidance. In midday trading Thursday, Coca-Cola was down more than 7%,...