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There's only one sector in the stock market doing well right now

Key Points
  • The S&P 500 Consumer Staples index is up 2.6 percent this month, on pace for the fifth straight month of gains. 
  • Consumer stocks led by gains in Conagra Brands and Philip Morris. Shares of Procter & Gamble also rise.
  • The Dow Jones Industrial Average and broader S&P 500 are sliding more than 5 percent each this month.
A woman pushes a cart while shopping at a Costco Wholesale Corp. store in Hackensack, New Jersey.
Ron Antonelli | Bloomberg | Getty Images

The S&P 500 Consumer Staples index is up 2.6 percent this month, on pace for the fifth straight month of gains, while both the Dow Jones Industrial Average and broader S&P 500 are sliding more than 5 percent each this month.

Consumer Staples is enjoying its longest winning streak since November 2009, led by Conagra Brands and Philip Morris. Shares of Procter & Gamble are up 8 percent in October, likely to be the best month for the stock since January 2013.

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