BRING ME THE BLEACH: IN­VESTORS SEEK STA­BIL­ITY AS STOCKS FALL

Apple Magazine - - Summary -

Good­bye iPhones and Face­book feed. Hello power plants and bleach.

Since stocks be­gan tum­bling two months ago, in­vestors haven’t aban­doned the mar­ket. At least, not all of it. In re­cent weeks, as they’ve pulled money out of funds that in­vest in gogo tech­nol­ogy com­pa­nies, they’ve also been buy­ing util­i­ties, com­pa­nies that make ev­ery­day ne­ces­si­ties for con­sumers and other stocks that tend to have smaller swings in price than the rest of the mar­ket.

It’s part of a big shift in in­vestor be­hav­ior as fears about ris­ing in­ter­est rates, a global trade war and slow­ing eco­nomic growth around the world have roiled mar­kets. The S&P 500 plunged as much as 2.2 per­cent Tues­day, with tech­nol­ogy stocks again suf­fer­ing par­tic­u­larly sharp losses, and the in­dex has lost nearly 10 per­cent since set­ting its record on Sept. 20.

Tech­nol­ogy stocks’ fall marks a big turn­around from ear­lier this year, and from much of the bull mar­ket that be­gan nearly a decade ago.

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