Quick — what’s the best performing sector in the S&P 500 so far in June? No, it isn’t the highflying information technology sector — that’s second best.
The sector represents shares of companies most closely tied to production of raw materials used in manufacturing, including steel, aluminum and chemicals. So, why is the materials sector rallying, even as a tariff tit-for-tat between the U.S. and some of its largest trading partners is threatening to erode economic expansion?
“The market started to sense that the Fed was starting to transition from a pause to a more actively dovish stance,” Quincy Krosby, chief market strategist at Prudential Financial, told MarketWatch. She said anything that is seen as bolstering the economy-sensitive sector can deliver a jolt to shares of the materials sector.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Since 2009, when the S&P 500 passes its 50-day moving average there is 90% chance of stock market doing this nextThe S&P 500 Index just crossed over its 50-day moving average. That has happened 10 times since 2009 and has been a bullish indicator for stocks, according to CNBC data analysis. when all the 'big' sign say bullish, it's time to sell
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »
Stocks log back-to-back losses as trade uncertainty lingersU.S. stocks ended slightly lower on Wednesday amid a continuing cloud of uncertainty over the U.S.'s trade ties with China. The S&P 500 fell 0.2% to... 'as trade tensions continue' ... we've had 'trade tensions THE ENTIRE YEAR and the market is up BIG!🤔🤨
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Since 2009, when the S&P 500 passes its 50-day moving average there is 90% chance of stock market doing this nextThe S&P 500 Index just crossed over its 50-day moving average. That has happened 10 times since 2009 and has been a bullish indicator for stocks, according to CNBC data analysis. when all the 'big' sign say bullish, it's time to sell
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »