Investors ended the week on an extremely positive note, as some major market indexes closed at multiyear highs. The Dow Jones Industrials
Bonds, on the other hand, finished broadly lower in price, pushing yields higher. The 10-year Treasury yield
In general, the Dow acted as a microcosm for the entire stock market. Economically sensitive stocks rose, while many defensive stocks didn't do nearly as well.
For instance, Alcoa
Meanwhile, a renewed bull market seems to have investors moving out of safer stocks. Procter & Gamble was the big decliner for the Dow today, but looking beyond P&G, you'll also find Johnson & Johnson and Wal-Mart posting minimal gains. These stocks may provide some protection in down markets, but the tradeoff is that they often miss out on big bull moves like the ones we've seen today.
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