Profit search: A monitor displays stock information on the New York Stock Exchange. Investors have had plenty of reasons to turn defensive in recent weeks, as uncertainty over the new Omicron variant and inflation bolstered the case for caution. — Bloomberg
NEW YORK: Investors have piled into traditionally defensive stocks in the last weeks of 2021, spurring a rally some believe may lose steam early in 2022.
The S&P 500’s top performing sectors last month were consumer staples, real estate investment trusts (REITs), healthcare and utilities.
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