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Falling Utilities, Rising Yields Weigh on Stocks

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Benchmark 10-year Treasury yield tops 4.7% intraday.

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Shares in the S&P 500’s utilities segment dropped 4.7%, marking their worst session since the early days of 2020’s Covid-19 lockdown.Tumbling utilities stocks weighed on the S&P 500 on Monday as investors dumped dividend-paying shares in favor of less-risky andThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

 

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