Coca-Cola is demonstrating defensive strength, trading up 0.16% at $70.55, significantly outperforming the broader market which saw major indices fall over 1% due to escalating tariff threats from President Trump.
- The broader selloff saw the S&P 500 drop 1.14%, the NASDAQ fall 1.25%, and the Dow slide 1.08%.
- KO's relative outperformance is attributed to its defensive characteristics as a mega-cap dividend stock with a low beta of 0.10, making it attractive during market volatility.
- The risk-off sentiment was triggered by President Trump's threat of 10% tariffs against eight European nations starting in February, escalating to 25% by June, stemming from the Greenland acquisition dispute.