News Formal

There's historic selling going on in a stock market sector because of rising rates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Utility stocks are selling off across the board in a way that is rarely seen in Wall Street history.

Utility stocks are getting pummeled to a historic degree as interest rates rise to their highest level in more than a decade, according to technical indicators. Jason Goepfert, the founder of SentimenTrader, said in a post on X that Monday's selling was so broad that a composite breadth indicator for utilities hit a level only seen in 2002, 2008 and 2020 over the past 33 years.

But even with Treasurys yielding above 5%, the dividend income from utilities looks less attractive. Utility companies also tend to carry heavy debt loads. That means that, as they need to refinance their own debt or take on more to expand, they will now be paying a substantially higher interest expense than they did even two years ago. "They have this situation where they're expected to pay out a certain yield.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Stock market today: World markets mixed as bond selling pressures Wall StreetWorld shares are mixed after Wall Street simmered under pressure from rising bond yields. U.S. futures and oil prices edged higher.
ソース: AP - 🏆 728. / 51 続きを読む »

These underperforming stocks are due for a fourth-quarter comeback, according to Wall StreetAfter a rocky third quarter, these stocks could be poised for a bounce back in the final stretch of 2023, according to Wall Street.
ソース: CNBC - 🏆 12. / 72 続きを読む »