U.S. Stocks Extend Yearslong Winning Streak

Investors are betting the U.S. economy will hold up better than those in other regions where the outlook has dimmed amid Ukraine war or rising Covid-19 cases

Investors are piling back into U.S. stocks, betting that the domestic equity market can withstand new economic headwinds better than other parts of the world.

They are shying away from European markets because of the war in Ukraine and the continent’s dependence on Russian energy, and looking askance at China, where Covid-19 lockdowns recently halted production at electronics and auto factories.