Utilities, healthcare outperform S&P 500 this year by widest margin in decades, while consumer staples also beat broader market
Defensive sectors such as consumer staples have been resilient amid this year’s turmoil in the stock market, easily outperforming the S&P 500.In a year of stock market turmoil, investors have flocked to trusted safety plays. Shares of utility, consumer-staples and healthcare companies have weathered the storm better than most of the market this year. Consolidated Edison Inc., Campbell Soup Co. and Merck & Co. Inc. are among the standouts, each rallying double-digit percentage points in 2022.
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