Shares of telecommunications companies rose, but not by as much as the broad market, as traders rotated into economically cyclical areas.
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The return of the "Trump trade," where investors seek out cyclicals as a bet on economic stimulus from tax and regulation cuts, has hurt the performance of defensive sectors such as telecoms and utilities this week.
Rob Curran, email@example.com
(END) Dow Jones Newswires
September 29, 2017 17:14 ET (21:14 GMT)