Recession fears rattle U.S. stock market. Can Wall Street's 'Great rotation' trade roll on?

Category: Finance

Rising volatility in the stock market amid recession fears has led to a selloff, prompting investors to consider rotating into defensive sectors. However, analysts suggest that the benefits of such a rotation may be limited, as broader market volatility is expected to continue. The utilities sector performed best among large-cap indices, while tech stocks faced significant declines. Concerns over the Federal Reserve's policies and economic data have driven investors towards safe-haven assets like U.S. Treasury bonds and gold.

Keywords: stock market, recession, defensive sectors

Source: Morningstar.com

Update At: 8/5/2024

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