Utility Stocks Plummet as Treasury Yields Surge
TL;DR Summary
Utility stocks are experiencing a decline as interest rates rise, causing investors to worry about the sector's stability and potential for lower returns. This drop in utility stocks reflects the broader market volatility and uncertainty surrounding the impact of rising rates on various industries.
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- Utilities suffer steepest one-day-decline since April 2020 Yahoo Finance
- Utilities stocks suffer worst day since 2020 as Treasury yields resume climb MarketWatch
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