‘America First’ Is Back as U.S. Stocks Near Record Versus Globe
Monitors display stock market information as pedestrians are reflected in a window at the Nasdaq MarketSite in the Times Square area of New York, U.S., on Friday, April 26, 2019.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
If a trade war is about to kick into a higher gear, equity investors are ready to seek shelter in the best house in a bad neighborhood: the U.S.
As the S&P 500 Index slumped less than 0.5 percent Monday, global equities fared much worse, with one measure posting the biggest loss in six weeks. That briefly pushed the U.S. gauge to an all-time high relative to foreign peers, cracking above the previous closing peak reached in October.