Business
The Rotation Trade Is Back on Wall Street
The labor market is looking more sluggish than economists expected. Wall Street’s response? Rotate.
Weak jobs data on Thursday sparked a new round of what investors call the rotation trade: driving down shares of the artificial-intelligence giants that fueled the rebound from wartime lows, and sparking new gains in healthcare, consumer staples and other stock sectors left behind during this year’s chip-stock surge.
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