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18 February
U.S. stocks are falling behind. It could be the beginning of an epic shift toward global markets.

Market Extra

International markets have been outperforming their American rivals recently. Investors could still be in the early innings of a years-long trend.

Illustration of stacks of money with an arrow trending up, against a green background with world maps.
For years, U.S. stocks dominated global rivals. But that has started to change over the past year. Photo: MarketWatch photo illustration/iStockphoto