Kroger, other staples companies fall, as market rallies on tariff news

Shares of supermarket operator Kroger Co KR.N was down 4.2% at $68.84 in afternoon trading Mon, hitting their lowest level since mid-April, while grocer Albertsons ACI.N was down 1.2% at $22.21

Kroger was among the biggest decliners in the S&P 500 consumer staples .SPLRCS sector Monday, which was bucking the trend in the broader market. The sector was one of just two S&P 500 sectors down on the day as stocks rallied broadly following the U.S.-China truce reached in their tariff war. The other declining sector is utilities .SPRLCU

In the company's March 6 forecast, Kroger company executives said as a domestic retailer Kroger had less exposure to international tariffs compared to some of its peers, and would not face "a massive impact"

Shares of Walmart WMT.N, due to report quarterly results later this week, are down 0.2%

Including the session move, KR shares are up nearly 13% YTD compared with a roughly 0.9% decline in the S&P 500 .SPX in that period