Investors pivot to defensive stocks as markets enter a state of alert
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
Analysts say markets are on alert as money shifts from volatile tech into defensive stocks. AI-related capex, cash flow, debt and financing worries have hit tech in 2026; Democrats’ sweep of Congress in the U.S. midterms added pressure. The Nasdaq is up about 8.7% year-to-date through Nov. 9 but fell 5.3% in October and is down 0.7% in November after nearing correction territory. South Korea’s Kospi lost 16.2% in October; MSCI World IT fell 7% in October and another 4.6% this month, while defensive sectors have rallied.
Continue in the app — vote & join in ➔Source: CNBC Top News · via ahirlevel.hu