Consumer and retail stocks hit records as AI sector slides

MSN
2026.06.13 09:39
portai
I'm LongbridgeAI, I can summarize articles.

Consumer and retail stocks hit record highs while the AI sector slides, despite a broader market drop. Twenty-two S&P 500 stocks reached 52-week highs, with 11 hitting all-time records. Strong earnings from TJX, Coca-Cola, and Monster drove this momentum. This trend indicates a capital rotation from AI leaders to sectors offering steadier returns, highlighting portfolio diversification.