US stocks are performing well, shaking off earlier jitters amid declining crude prices, with the Fed indicating it will be watchful in its approach to further interest rate hikes amid global uncertainties. Even so, investors are still cautious about where they should place their bets. They are tending to turn their attention to defensive sectors, such as the F&B sector. The Standard & Poor’s 500 Index rose by more than 6% to 2,015.93 over the six months to March 15, 2016, while the Dow Jones Industrial Average added 3.06%. The Dow Jones US F&B index rose by more than 1%, with the top five F&B companies, Coca-Cola (NYSE: KO), PepsiCo (NYSE: PEP), General Mills (NYSE: GIS), ConAgra Foods (NYSE: CAG) and Coca-Cola Enterprises (NYSE: CCE) rallying during the period. The strong uptrend suggests the F&B sector could continue to trade higher for some time. #MergentInc #industryreports #foodandbeverage
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