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S&P 500 technology, financial stocks break historical ties

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Technology and finance, the S&P 500 biggest industry groups, are no longer tracking each other's stock-market moves as they did historically. The two-month correlation between their industry gauges has been negative since July 18, as it was from Nov. 30 through Jan 14, according to data compiled by Bloomberg. Bank of America Merrill Lynch cited the shift in a report this week as a reason for the S&P 500's lack of volatility.

Source: Bloomberg Pro Terminal

Jr Trader Alexander Kumanov


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