Health-Care Stocks Lead This Leg of Rally, After Tech Giants’ Stumbles

By Anonymous

Hedge funds and money managers have been building up positions in health-care stocks as a safety play for an eventual slowdown

Health-care stocks have emerged as market leaders in the third quarter, helping push major U.S. indexes to new highs.

One reason: Money managers are embracing the sector as a safety play, particularly after big technology stocks stumbled in September.

The S&P 500’s health-care sector is the best performer of the index’s 11 groups in the...