Here’s Why Largest U.S. Utility Stock Just Tanked To A 3.5-Year Low As Sector Flails
Topline Utility stocks keep spiraling, headlined by a more than 20% one-week share price drop from the most valuable firm by market capitalization, and the sector largely has one factor to thank: Rising interest rates. Utility stocks have had a 2023 to forget. dpa/picture alliance via Getty Images Key Facts The S&P 500’s utility sector … Read more