Beleaguered utilities are the sole winning sector in October
It’s been a rough 2023 for utilities, but the troubled sector is the only one in the S&P 500 that’s positive for the month.
Utilities are off nearly 16% this year, but they’ve managed to eke out a gain of 0.66% in October. The sector is also on pace for weekly gains, joined by consumer discretionary. The other nine sectors are heading for losses on the week.
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