European Stocks Are Little Changed as Value Shares Lead Declines
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European equities showed limited movement amid lower trading volume, with the U.S. market closed, while this month’s strong rotation into value stocks reversed on concerns about the spreading pandemic.
The Stoxx Europe 600 Index dipped 0.1% by the close, with U.S. markets shut for the Thanksgiving holiday, reducing the number of global participants. More defensive sectors, such as technology and health-care shares led the advance, while energy firms and carmakers paced the retreat.