Stock Market Today: Investors Head for Safety Amid Another Selloff

Wall Street didn't have an appetite for marijuana stocks on 4/20 ... or many other risk assets, for that matter. Instead, investors sniffed out defensive plays such as utilities and REITs.

Businessman floats with a life preserver around him.
(Image credit: Getty Images)

Stocks stumbled for the second consecutive day Tuesday, and they did so again amid a fairly slow drip of news.

Both domestically and globally, a pickup in COVID-19 cases is fostering worries about the size and pace of the economic recovery, though at the same time, the world's number of vaccinated continue to grow.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up
Disclaimer

Kyle Woodley was long BA and MSOS as of this writing.

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.


Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 


You can check out his thoughts on the markets (and more) at @KyleWoodley.