Consumer staples sector falls 3% in Q3 as oil, inflation and tech rotation weigh

[Investment activity in Commodity oil gas energy sector background with oil refinery power plant power and business investing concept] primeimages/iStock via Getty Images State Street’s Consumer Staples Select Sector SPDR ETF (XLP [https://seekingalpha.com/symbol/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 (WMT [https://seekingalpha.com/symbol/WMT]). Justin Purohit [https://seekingalpha.