Premarket stocks: Investors are starting to play defense as the bull run matures
But even as tech stocks continue their dizzying ascent, some on Wall Street have decided it’s time to play defense.
Exchange-traded funds tracking traditionally “defensive” sectors — health care, utilities and real estate — outperformed in July and August.
Companies that produce consumer staples, which also get a boost when investors turn defensive, have notched more muted gains. The Consumer Staples Select Sector SPDR Fund has risen 3% in July…