S&P 500 rises as defensive stocks shine ahead of big tech earnings By Investing.com

“Margin compression will continue, but won't reach the levels — certainly this year, in my opinion — that we saw pre-pandemic,” Mike Manley, AutoNation’s chief executive officer, said on an earnings call that

followed the results.In a sign of caution ahead of the big tech earnings and the Federal Reserve decision due next week, defensive corners of the market including utilities and health care were in the ascendency.

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