Published on 2 May 2024 on Benzinga
...Utilities (XLU) Overtake Tech Sector (XLK) — 10 Stocks BehindThe Shift - American Water Works...
If you were asked at the beginning of 2024 to imagine the top sectors of the S&P 500 for the first four months of the year, you’d likely have pegged technology and consumer services as the frontrunners, leaving others far behind.
If someone had told you that utilities, the underperformers of 2023 with a 7% drop, would outperform the tech sector, you’d probably have thought they were pulling your leg.