Consumer staples firms, already considered havens in a downturn, are up 4.7% and heading for their best week since 2022. Now, investors fret many tech players will be left behind in that very transformation — and the world of physical goods looks more attractive by comparison. “If a rotation out of tech stocks is helping push the prices higher for my builders, so much the better.”Then there are machinery makers and transports, both heading for their best weeks since May. Back to basicsConsumer staples and chemicals are also among AI-resistant firms, JonesTrading’s O’Rourke noted. Baskets of truckers, machinery stocks and consumer staples all notched record highs, while the tech-heavy Nasdaq 100 extended losses to 6% from its late-October all-time high.

Source: The Edge Markets February 06, 2026 12:56 UTC