October 10, 2024

Defensive Stocks Surge: Analysts Weigh In on the Trend’s Sustainability

Stocks have experienced a positive rebound after a challenging April, primarily driven by two sectors renowned for outperforming during economic downturns: Utilities and Consumer Staples. Utility stocks (XLU) have spearheaded this rally since April 16th, with an impressive surge of nearly 12%, accounting for their total gains for the year thus far. Meanwhile, the Consumer … Defensive Stocks Surge: Analysts Weigh In on the Trend’s Sustainability

The post Defensive Stocks Surge: Analysts Weigh In on the Trend’s Sustainability appeared first on ImaStockTrader.

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October 10, 2024

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