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CNBC FinanceMay 27, 2020
Stay-at-home stocks that thrived during market rout are getting clobbered, Zoom is down 4%
Popular stay-at-home stocks underperformed on Wednesday as investors rotated out of these names amid the reopening of the economy.

Reuters BusinessMay 27, 2020
Tech weakness weighs on S&P 500, Nasdaq
A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing U.S.-China tensions at a time when policymakers are attempting to revive the global economy from a coronavirus-driven slump.

Google Business NewsMay 27, 2020
Dow Jones Today Tops 25,000, S&P 500 Clears 3,000 As Nasdaq Drops Into The Red - Investor's Business Daily
Dow Jones Today Tops 25,000, S&P 500 Clears 3,000 As Nasdaq Drops Into The Red  Investor's Business DailyS&P 500 erases 1.5% rally, turns negative amid a big drop in tech shares  CNBCS&P 500: Fully valued on some measures - UBS  FXStreetStocks are on a roll even as the economy tanks. Here are 3 reasons why  CBS NewsE-mini Dow Jones Industrial Average (YM) Futures Technical Analysis

MarketWatch MarketPulseMay 27, 2020
Bank-focused ETFs surge by at least 3% Wednesday as investors shift to beaten-down sectors
Exchange-traded funds that track the financial sector outperformed the broader market Wednesday, extending a winning streak that suggests investors are wagering on an economic recovery that could help propel financial shares higher. Financials were the best performer among the S&P 500's 11 categories. The Financial Select Sector SPDR Fund was trading 3% higher in morning action. The Vanguard Financials ETF was 3.1% higher, and the SPDR S&P Bank ETF jumped more than 4%. Financials have taken a beating as investors worry about the impact of a stalled economy in the wake of the coronavirus pandemic and the pain from a plunge in oil prices on companies' ability to service their debt. Rock-bottom interest rates don't help banks, either. XLF is down more than 22% in the year to date. But on Wednesday, technology companies sold off, sending the Nasdaq Composite Index down nearly 1%. If investors are swapping high-flying bets for stocks considered undervalued, it may suggest more confidence in the economic outlook in the aftermath of the viral outbreak.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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