Top Defensive Plays, Low-Beta Beauties
During the week of July 23, just a few days after the Dow Jones industrial average established an all-time high above the 14,000 level, U.S. equity markets declined and the Standard & Poor's 500-stock index slumped 4.9%. All 10 sectors in the "500" posted declines, and only two of its 130 subindustries advanced: Internet Retail (+11.0%) and Household Products (+1.1%).
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