Slumping Utilities Stocks, ETFs Have Rebound Potential
February 13, 2024 at 08:00 AM EST
Experienced investors know that utilities is one of the sectors most inversely correlated to interest rates. That explains why the S&P 500 Utilities Index slipped 7.2% last year amid spikes by 10-year Treasury yields. With that index off nearly 5% to start 2024, the sector isn’t giving investors much to cheer about as of yet. [...] The post Slumping Utilities Stocks, ETFs Have Rebound Potential appeared first on ETF Trends .
