Two Sectors Have Broken Out to Records This Week, and Analysts See Opportunity
By Austine in Business
Updated 3 years ago
The S&P 500 is on track for a losing week, but there have been two bright spots in the market. The industrials and financials sectors broke out to fresh all-time highs Wednesday and Thursday, respectively. Bets on the global economic recovery have given lift to the industrials, while financials are seen as a beneficiary of rising rates.