The Consumer Staples Select Sector SPDR ETF (XLP) climbed 1.80% as investors fled technology stocks following disappointing earnings and guidance from major tech companies. Concerns over the cost and profitability of artificial intelligence investments triggered a broad-based tech sell-off, with the Nasdaq Composite falling sharply. This prompted a flight to safety, with market participants rotating into defensive sectors like consumer staples and healthcare, which are seen as more resilient during times of market uncertainty.