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Virus Headwinds Hit Wall St. After Months of Smooth Sailing



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On Monday, investors behaved as they had during the pandemic’s early days, pouring money into so-called stay-at-home stocks, whose business models appear almost tailor-made to thrive despite lockdowns. Shares of Peloton climbed more than 7 percent. Stock in Etsy, which soared last year as consumers sought out homemade masks, jumped 3.2 percent.Daily Business BriefingUpdated July 19, 2021, 5:11 p.m. ETInvestors also bought shares of Clorox, the grocery chain Kroger, Campbell Soup and the toilet tissue maker Kimberly-Clark. Such consumer staples companies fared extraordinarily well during the worst period of last year’s pandemic panic, as consumers stockpiled essentials.The pain was especially pronounced …

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