Hedge Funds Sell Utilities, Buy Materials
This is a U.S. news story, published by Yahoo Finance, that relates primarily to Goldman Sachs' news.
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materials stocksReuters
•Hedge funds bet against power and pile into materials, says Goldman Sachs
79% Informative
Hedge funds sold U.S. electric and water utilities stocks at the fastest pace in two months .
Materials was the most net-buying sector on Goldman Sachs' trading desk last week .
The Dow Jones Utility Index which tracks utilities rose 3% last week and has risen more than 20% so far in 2024 .
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