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NEW YORK (AP) – The stock market rally is aging, and the surest sign is that investors are migrating to stocks that missed out on 2009’s big run.
The Standard & Poor’s 500 index is up 69 percent since March 9. The stocks hit hardest during the bear market, including financials and small-caps, led the rally during its first seven months. Now, however, investors are favoring utilities, telecommunication, health care and large-cap stocks.
The shift is a natural progression in a bull market and suggests that most of its gains have already been realized.
Source: wtopnews.com
