Wall Street's leading stocks reveal investor caution

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NEW YORK: Wall Street stocks have climbed to record highs as worries over U.S.-China trade relations and the Federal Reserve's monetary policy have receded, but cautious investors have been sticking with technology shares and some defensive stocks over valuestocks and more speculative plays such as IPOs.

That's unlikely to change in the near term even if stocks keep rising, strategists say, as uncertain economic conditions lead investors to shares of companies with solid earnings and growth prospects.