Traders are loading up on health-care shares, betting the industry will emerge as the brightest spot in an earnings period marked by disappointing results from some of the biggest technology companies.
An exchange-traded fund tracking health-care stocks in the Standard & Poor’s 500 Index absorbed 10 straight days of inflows through Wednesday, the longest streak since October 2012, according to data compiled by Bloomberg. The Health Care Select Sector SPDR Fund took in $680 million over the period, compared with an outflow of $338 million for a technology-focused run by SPDR.
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