Record results: investors are fleeing tech for healthcare stocks
A sharp pullback in the US technology sector sent markets tumbling overnight, led by Alphabet's huge drop as its AI business limited its search business. Other tech leaders tumbled as investors took the opportunity to dive into the climbing healthcare sector, where record results are being reported for Eli Lilly and Merck.
Watchlist: DRUG ETF, Caterpillar, ResMed
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The skinny
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