By Corey Mann Why are utility stocks down as the broader market seems to be regaining momentum? Many investors are looking for answers after the roller-coaster months of March and April.
Major utility stocks nearly bottomed out in March. In fact, some companies fell upwards of 50% in just over a week’s time. And this swing didn’t affect one specific portion of the utility sector. Everyone felt the decline of the novel coronavirus and there aren’t many signs of it slowing down.
Why are Utility Stocks Down Amid Coronavirus Fears?
Utility stocks are typically recognized as part of the defensive sector. When market volatility ramps up …read more
