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As the Q2 earnings season gets underway, investors are closely watching consumer staples companies for insights into consumer spending, pricing power and demand for everyday essentials.

Businesses with consistently strong profitability are expected to remain in focus as earnings reports

Investors turned to defensive stocks on Tuesday as a sell-off in the tech sector accelerated. The selling in stocks seen as AI beneficiaries led some investors to take shelter in consumer staples names. Household prodicts giant Procter & Gamble (