Investors hunt defensive stocks as rally stalls (AP)

January 1, 1970 by Yahoo! Finance: Most Popular  
Filed under Money News

Investors were hard-pressed Tuesday to find a reason to extend Wall Street's two-month rally. Stocks fluctuated in a narrow range after sliding on Monday. Investors shifted into defensive corners of the market, driving up shares of drugmakers like Pfizer Inc. and food makers such as Archer Daniels Midland Co., which tend to hold up better in economic downturns.

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