Health-care companies fell as traders continued to rotate out of traditionally defensive sectors into the technology sector.
Health-care and utilities sectors were formerly viewed as evergreen industries during times of geopolitical upheaval. Now, however, investors are increasingly looking at the tech sector as the area capable of growing earnings when oil volatility and other factors cloud the outlook for economic growth.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 01, 2026 17:49 ET (21:49 GMT)
