U.S. Utility Stocks Enter Oversold Territory as Treasury Yields Rise; Rebound Possible Within Weeks
According to CNBC, U.S. utility stocks entered oversold territory on September 28 after being pressured by rising Treasury yields, with analyst Katie Stockton from Fairlead Strategies forecasting a potential near-term recovery.
Stockton noted that the S&P 500's market breadth has sharply
SPX500-0.35%
GateNews·09-29 00:38
