As we enter a new trading week, investors could be on the lookout for defensive stocks in the stock market. For one, this would be due to the Consumer Price Index (CPI), which rose 8.6% year-over-year in May. This came as a surprise as it exceeded the 8.3% Wall Street was estimating.
In addition to that, consumer sentiment slumped to a record low between May and June amid concerns about inflation. As such, investors could be turning to defensive stocks. These are companies from sectors such as healthcare and consumer staples, which tend to see more stable demand in any economic condition.
5 Defensive Stocks To Watch In the Stock Market This Week
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