Many on Wall Street are weathering the autumn technology rout by buying the shares of firms with slower, steadier earnings growth, the latest sign that investors largely remain sanguine about U.S. stocks despite recent reversals.
Trading has turned rocky since the S&P 500 finished the third quarter with its biggest gain since 2013. The broad index is down 6.1% since the end of September, while once-favored shares like Netflix Inc. and Amazon.com Inc. have shed more than 20% apiece.
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