Por: MarketWatch Business October 02, 2023
The utilities sector for the large-cap benchmark also recorded its largest daily percentage decline since April 2020, when the onset of the COVID-19 pandemic caused stock markets around world to tumble, ushering in an era of fear and volatility, according to FactSet data. Exchange-traded funds that target stocks in the utilities sector saw sharp drops with the Utilities Select Sector SPDR ETF down nearly 4.7% on Monday to suffer its worst day... + full article
MarketWatch USA Business October 04, 2023
BESPOKE INVESTMENT GROUP NOTE EMAILED OCT. 3, 2023 In the past five trading days through Monday, the S&P 500’s utility sector has plunged 11.2% as Treasury yields have climbed, while the broader S&P 500 index slipped just 1.1% over the same period, according to FactSet data.... + más
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The utilities sector has also outperformed the information technology sector , which has fallen by 4.3% this month, by the widest margin since December 2022, according to Dow Jones Market Data. “Utilities are very oversold right now,” said David Wagner, portfolio manager... + más
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