P&G stock jumps as Wall Street slips — what to watch next for Procter & Gamble shares
Procter & Gamble shares rose 2.1% to $167.20 Friday on above-average volume, bucking a broader market decline as investors favored consumer staples amid inflation concerns and tech weakness. The S&P 500 consumer staples sector gained 1.5% while major indexes slipped. Fresh inflation data showed the U.S. Producer Price Index up 0.5% in January. Markets now await key jobs and inflation reports in early March.