Wall St Week Ahead: Investors bet bounce in value stocks will stick

As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.

Yet better-than-expected readings on U.S. employment and other indicators have money managers thinking about lightening up on the stocks driving the rally in favor of sectors such as financials and energy. A sustained bounce in these economically sensitive areas could be an encouraging signal for the nascent recovery, investors said.

"We think they will provide leadership here as the market starts to shift from a risk-off position to more of a risk-on," he said.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks set to fall sharply as Wall Street tumblesAsian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tokyo: Stocks open down more than 2% after Wall Street rout[TOKYO] Tokyo stocks opened down more than two per cent following a plunge in US shares on revived worries about the coronavirus and concerns about overheating equity prices. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall Street stocks tumble on revived coronavirus fearsNEW YORK: Wall Street stocks tumbled on Thursday (Jun 11) as revived worries about the coronavirus and about excessive equity prices produced the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »