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Wall Street: Trade policy uncertainty could bolster U.S. defensive stock sectors

Reuters  |  NEW YORK 

By April JoynerNEW YORK (Reuters) - As the United States ramps up import tariffs and long-date U.S Treasury debt yields remain low, stocks in so-called defensive sectors may have room to run higher in price, even though expectations for the currently quarterly earnings seasons are high. Stocks in defensive sectors, which generally pay steady dividends and have steady earnings, languished for the first months of 2018. Utilities, real estate, telecommunications and consumer staples all saw their stocks fall into early June even as the U.S. benchmark S&P 500 index rose more than 4 percent.But ...

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First Published: Fri, July 13 2018. 16:52 IST
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