Closing Bell: Overtime: Former Goldman CFO On Rising Rate Environment, Opportunities in AI; Top VC On Prospects For The Rest Of The Year 10/2/23
Closing Bell
Rising Interest Rates Impact S&P Utilities Sector
Pippa Stevens discusses the significant drop in the S&P utilities sector due to rising interest rates, causing their costs to rise and making dividends less attractive compared to treasuries. Next era Energy Partners cutting its dividend growth rate target also contributes to the sector's decline.
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