Church Dwight Co Inc (CHD)

Shares of Church & Dwight Company (CHD) dropped by 4.70% from $90.23 to $85.99 in the trading on Friday October 6, 2023. The reasons why CHD stock down include:

• Fear of interest rate hike: The release of the September jobs report heightened concerns about the possibility of a higher interest rate environment, which often has a negative impact on stock prices.
• Weakness in the consumer staples sector: Retail and consumer goods stocks fell on Friday. The consumer staples sector, which includes companies like CHD that sell household goods, was also down on October 6, 2023. This was due to concerns about a slowdown in consumer spending.
• Specific Concerns about CHD: Some investors had specific worries about CHD, including the company's vulnerability to inflation and its reliance on China for manufacturing. These concerns contributed to the stock's decline on that particular trading day.