defensive sectors

Traders shy away from Modi-linked stocks in shift to defensives

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Traders shy away from Modi-linked stocks in shift to defensives

Investors in India are shunning stocks that were expected to benefit from Prime Minister Narendra Modi’s re-election, and instead piling into defensive sectors.An index of the so-called Modi stocks, a term coined by CLSA, has climbed only 2% as the prime minister completed his first 100 days in office after winning a third term in … Read more

S&P 500 ends near flat as energy, defensive sectors counter megacap declines

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S&P 500 ends near flat as energy, defensive sectors counter megacap declines

The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week’s speech by Federal Reserve Chair Jerome Powell. Megacap technology-related growth stocks dipped, with Alphabet down 1.9% and Tesla falling 1.7%, as investors fretted that interest rates could stay … Read more