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The shares reflect a disconnect that shows a robust economy hasn’t offset trade jitters for many American conglomerates
Dozens of stocks remain stuck in bear-market territory even as the U.S. stock market has charged to records, reflecting a disconnect that shows a robust economy hasn’t offset trade jitters for many American conglomerates.
The trade fight has weighed particularly hard on shares of industrials and materials companies, which account for about one-fifth of the 80 stocks in the S&P 500 that have tumbled at least 20% from their 52-week highs—the common definition of a bear market.