Stock Market Today: Dow Falls More Than 800 Points
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US stocks sink
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Investors have been warily eyeing rising Treasury yields since the start of May, with some fretting that the latest jump in borrowing costs could soon start hurting stocks.
Wall Street just watched the major indexes claw back weeks of losses and post a fresh six‑day winning streak. Defensive plays won the first rounds of 2025, yet the money crowd can smell a rotation brewing as value and small‑caps start flashing green.
Goldman Sachs highlights hedge fund favorites potentially poised for strong returns and outperformance against sector peers.
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For the past three years, the debate on Wall Street has revolved around whether investors are better off chasing the Magnificent Seven stocks or if they should get into defensive stocks for a crash that is yet to fully materialize. Small-cap stocks have been mostly ignored, and that trend has continued so far into this year as well.
The U.S. stock market was shifting back to full risk-off mode. Investors on Wednesday were rotating out of growth stocks in a volatile trading session as surging Treasury yields sent the U.S. financial market into a tailspin.
U.S. stocks closed higher after an unsurprising US credit rating downgrade. Treasury yields rise. S&P 500 extends winning streak to six days.
The S&P 500 is lagging an MSCI index tracking global stocks by more than 10 percentage points this year, according to Dow Jones Market Data. If that gap holds through year-end, it would be the widest annual margin since 1993.
South Africa will wait for global oil prices to rise to around $100 a barrel before selling more of its strategic crude reserves, a senior energy official told Reuters.
UnitedHealth has gone from bad to worse, and its drop is impacting the Dow Jones Industrial Average even more than it is the S&P 500.
Here is a look at different methods for valuing stocks and what they might mean for future performance.
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