Bullish mood in stocks spreads to more sectors after election

Investors have become even more bullish on financial stocks and shares of technology companies in the wake of November’s U.S. presidential election, according to the latest S&P Global Investment Manager Index.

“Bullish moods have now spread to more sectors, with financials and tech seeing notably strong improvements in investor appetite while typically defensive sectors such as utilities, healthcare, and consumer staples have suffered a loss of favor,” Chris Williamson, executive director at S&P Global Market Intelligence, wrote in a Tuesday client note.