U.S. consumers aren’t too confident about the economy’s health. Fresh data showed that consumer confidence declined further in March.
Uncertainty over the impact of President Donald Trump’s tariffs in the near term and inflation are denting investors’ confidence. This has seen major indexes suffering over the past month, with the S&P 500 and the Nasdaq entering correction territory. Although the indexes recovered some of the losses in the past few sessions, volatility continues in markets.
Given this situation, it would be safe to invest in the following utility stocks, which are considered defensive.
This post originally appeared at Zacks.