|Worry settles over Wall Street as stocks stall|
|News - St Augustine Area & St Johns County|
NEW YORK — Wall Street has caught a case of the jitters.
Employers are hiring at their fastest pace in 2-1/2 years, the economy is expected to expand by a robust 3.5 percent this quarter and corporate earnings have hit a record. But you wouldn’t know it from the way many investors are acting.
They’re pouring money into U.S. Treasury bonds, considered the world’s safest asset. They’re loading up on dull, but reliable utility stocks. They’re dumping holdings that would get hurt most from a stalled recovery, like stocks of retailers and risky small companies.
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