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Global Stocks Draw Investors After Vaccine Rollout — Update


Provided by
Dow Jones
By Karen Langley
Investors betting on a continued economic rebound are increasingly looking beyond U.S. stocks.
Many money managers are focusing on emerging markets, which they expect to outperform as the global economy accelerates in the wake of the Covid-19 vaccine rollout. Some are also taking a look at European markets, which lagged behind in 2020 but are dominated by cyclical shares.
Investing in U.S. stocks, they say, has increasingly become a concentrated bet on the technology sector, which contributed more than half of the S&P 500 s 18% total return last year. The tech-laden Nasdaq Composite fared even better, rising 45% including dividends. Some investors say those gains might be difficult to replicate in the new year, particularly if Democrats take control of the Senate, making tighter regulation more likely. ....

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