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Geopolitics and Sector Divergence Drive Risk-Off Session; AstraZeneca Rally Provides a Counterpoint
Published 4 months, 3 weeks ago
Description
Markets opened risk-off as news out of the Strait of Hormuz sent oil higher and futures lower, amplifying technical stress in mega-cap tech. Across the tape, defensive healthcare and idiosyncratic biotech wins contrasted with continued weakness in specialty retail and alternative-asset names.