After the U.S. CPI hit a record high in March, the Fed’s interest rate hike expectations were strengthened again, and a number of Fed officials reiterated their determination to suppress inflation over the past week.
Against this backdrop, U.S. stock investors are turning to defensive sectors that they believe are better able to weather turbulent times and tend to offer strong dividends. The healthcare, utilities, consumer staples and real estate sectors have all posted gains so far in April, continuing a trend that has outperformed the S&P 500 so far this year.
According to statistics, as of April 14, clean energy giant $Constellation Energy (CEG.US)$ has risen by more than 65% this year, power company $Brazil Power (EBR.US)$ , American grain giant $Archer Daniels Midland (ADM. US) $ rose more than 40%, US energy giant $ Sampra Energy (SRE.US) $ , grain trading giant $ Bunge (BG. US) $ , biopharmaceutical company $ Jazz Pharmaceuticals (JAZZ. US) $ , rare Disease giant Futai Pharmaceuticals (VRTX.US) both rose more than 30%.
Edit/phoebe, somer
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