Wall St Week Ahead: Investors rethink recession plays, boosting US stock market laggards


A broadening equity rally would be a welcome development for many investors, who have worried about the market's narrow leadership.

NEW YORK: A US stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year, as investors reposition portfolios primed for a widely expected recession.

For months, investors piled into a handful of megacap companies seen as safe bets in uncertain times, spurring a rally that has lifted the S&P 500 nearly 12% year-to-date, concentrated in a small group of stocks.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business

Huawei, Tencent near deal to exclude WeChat from revenue sharing
IIB inks strategic partnership with TM-Nxera
Matrix Concepts enters 1,000-acre land JV with NS Corp
Microsoft’s Satya Nadella is the leader Fortune 500 CEOs admire most. This management philosophy helps explain why
UK inflation returns to target for first time since 2021
Asia stocks boosted by tech rally, Fed rate cut wagers
Companies crave fresh data to train AI models. This startup’s recipe? Data made from scratch – by AI
Scientex Packaging posts flattish 3Q net earnings of RM10.02mil
Top Glove returns to the black in 3Q
FBM KLCI falls as investors take profit

Others Also Read