US SMALL/MIDCAPS-Economic concerns pressure stocks

Newswire

By Angela Moon NEW YORK, Aug 30 (Reuters) - Mid- and small cap stocks fell on Monday as concerns about the economy persisted, offsetting improved data on consumer spending. Stocks that are more closely associated with economic growth such as materials, industrials and technology were hit the hardest, while defensive sectors like healthcare were relatively resilient. "There is a conviction that growth is going to be anemic well into next year. Any sector that has cyclical exposure is ...

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