Defensive stocks extend rally as caution sets in
NEW YORK (Reuters) – Stocks rose on Tuesday, led by defensive sectors, in a sign the cash piles recently moving into the market are being put to use by cautious investors to pick up more gains. The S&P 500 is on track to post its best monthly performance since October 2011 and its best January since 1997 as investors poured $55 billion in new cash into stock mutual funds and exchange-traded funds in January, the biggest monthly inflow on record. Among rising defensive shares, which are companies relatively immune to economic swings, were drugmaker Pfizer, up 1. 2 percent to $27. . . .
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