18 days ago • Posted by Djellza Kolloni

As 'defensive' stocks rise, the stock market becomes more cautious

Utilities and healthcare are among the best-performing sectors in the S&P 500 this quarter, with gains of 7.8% and 6.6%, respectively, compared to the broad stock index's 4.9% advance. Investors often flock into those types of companies when the outlook is expected to worsen, so the gains are notable. In the face of renewed Covid-19 outbreaks, Goldman Sachs dropped its third-quarter U.S. economic prediction to 5.5% from 9% earlier this month. Source: The Wall Street Journal