Dow Jones Utility Average Testing Bull Market High

More from: | Investopedia |
0

The Dow Jones Utility Average (DJUA) is testing November 2017’s all-time high at 779 and could break out in the coming months, entering a strong uptrend. That rally would surprise skeptical market watchers who expect this sleepy sector to underperform due to the market’s growing risk appetite. It would also tell sidelined investors to take a closer look at yield plays as we exit the second decade of the 21st century.

The rally is unfolding despite a bankruptcy filing by DJUA component Pacific Gas and Electric Corporation (PCG) in response to potential liabilities incurred during destructive California wildfires. That stock’s market cap has plunged with price in recent months, suggesting that the index would be trading much

(...)

Read full article » https://www.investopedia.com/dow-jones-utility-average-testing-bull-market-high-4589137?utm_campaign=rss_headlines&utm_source=rss&utm_medium=referral


About | Investopedia |

Investopedia is the world’s leading source of financial content on the web, with more than 30 million unique visitors and 90 million page views each month.

Wholly owned by IAC (NASDAQ: IAC), Investopedia is the largest financial education website in the world. Powered by a team of data scientists and financial experts, Investopedia offers timely, trusted and actionable financial information for every investor, from early investors to financial advisors to high net worth individuals. Investopedia is operated by IAC Publishing, a collection of some of the web’s largest and most trusted digital media brands. For the latest in financial news and information, visit www.investopedia.com.

»Twitter: @investopedia »Facebook: @Investopedia