Analysts expect the rotation trades to continue to play out with the vaccine rollouts and reopening of the economy.
Strong economic data has put pressure on growth stocks, which are more likely to be impacted by potential interest hike. IHS Markit's data showed U.S. business activity picked up in May amid strong domestic demand, but backlogs of uncompleted work are piling up as manufacturers struggle to find raw materials and labor.Following a three-day slump, Wall Street's main indexes gained ground on Thursday after data showed the fewest U.S.
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