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Sky-high stock market has investors looking to commodities

Reuters  |  NEW YORK 

By Devika Krishna Kumar and Chris PrenticeNEW YORK (Reuters) - A growing number of investors are plowing money into commodities, seeking to diversify their holdings on gnawing concerns about a stock market correction as equities scale new highs almost daily.Low interest rates, solid economic growth across the globe and rising corporate earnings have hoisted the S&P 500 16 percent this year. It reached an all-time high on Tuesday. By contrast the bellwether S&P Goldman Sachs Commodity Index (GSCI) gained 7 percent in that same period. The last five years presents an even starker divergence. ...

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First Published: Thu, November 09 2017. 12:15 IST