U.S. stocks pushed higher Wednesday afternoon to close out a choppy day as the risk of a recession remained top of mind for many investors.
A rally in U.S. energy shares is crumbling, as fears of a global recession have prompted investors to take profits in one of the few corners of the stock market that has thrived this year. The S&P 500 energy sector is still up 20% year-to-date, bucking a broader market swoon. Energy stocks have slid as crude oil prices tumbled along with other economically sensitive assets as more investors worry the Federal Reserve could trigger a recession with aggressive rate hikes to fight the worst inflation in four decades.
In this article, we will look at 10 best defensive stocks to buy now. If you want to skip reading about the current economic situation, you can go to 5 Best Defensive Stocks to Buy Now. On July 1 the Atlanta Fed’s GDPNow tracker, which monitors real-time economic data, released its latest estimates and showed […]