Stock Market Shifts: Investors Flock to Defensive Stocks
Update: 2025-11-11
Description
On November 11th, a sector rotation occurred in the stock market, with investors shifting from tech stocks to more stable companies. The Nasdaq index lost ground, while the Dow Jones Industrial Average gained, driven by buying activity in healthcare giants like Merck, Amgen, and Johnson & Johnson. Pfizers shares surged by 4.1% following a voluntary agreement to align Medicaid drug prices with other developed countries and offer discounts to consumers, reducing uncertainty in the pharmaceutical sector.
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