With U.S. Stocks at Peaks, Gap With Europe Hits Widest Since ’12
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When it comes to stocks, the rift between Europe and the U.S. keeps on widening.
Companies in the Stoxx Europe 600 Index trade at their lowest valuations in more than four years relative to those in the S&P 500 Index, which hit an all-time high on Tuesday. And yet, investors are still shunning them. The regional gauge dropped 0.1 percent on Wednesday, halting a two-day gain.