The Dow Is Beating the S&P 500. The Market Is In Risk-Off Mode.
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The Dow turned higher Friday afternoon, while the S&P 500 and Nasdsaq Composite lagged behind. Consumer staples, health care, and utilities were the only sectors working as traders flipped into risk-off mode on Friday. The S&P 500’s consumer staples sector was up 0.9%, while utilities were up 0.5%.