Market at work: Traders work on the floor of the New York Stock Exchange. Many investors think the recent market shift is just a pause, with value and cyclical stocks due to regain command after years of lagging. ─ AP
NEW YORK: United States technology and growth stocks have taken the market’s reins in recent weeks, pausing a rotation into value shares as investors assess the trajectory of bond yields and upcoming earnings reports.
Technology has been the top-performing S&P 500 sector in April, rising 8% versus a 5% rise for the benchmark index.
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