News Formal

Utilities slump into bear market as defensive sector suffers historically steep selloff

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The utilities sector tumbles into a bear market, extending a historically steep selloff for stocks traditionally seen as a defensive haven.

The utilities sector tumbled into a bear market Wednesday, extending a historically steep selloff for stocks traditionally seen as a defensive haven.

Analysts... The utilities sector tumbled into a bear market Wednesday, extending a historically steep selloff for stocks traditionally seen as a defensive haven. Analysts at Bespoke Investment Group noted that such steep declines for the sector are quite rare, with one-month “crashes” of 20% or more occurring only in March 2020, October 2008, late 2002, and the 1930s.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Real estate investment trusts haven’t worked as a defensive bet this year. Why REITs might continue to underperform, according to Wells FargoInvestors often view real estate investment trusts as a defensive asset in a sinking stock market, but REITS are struggling in 2022 as investors look for...
Source: MarketWatch - 🏆 3. / 97 Read more »