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REDDIT

Why did defensive sectors like utilities and staples sell off on Friday?

T
Apr 5, 2025 · 15:58

Anybody any idea why defensive sectors like utilities and staples sold off on Friday? On Thursday with the first day of sell-off those were the only 2 sectors that stayed in the green, which is logic as they are considered to be the safest and best performing during a recession, however on Friday especially the utilities sector went deep in the red. What's the reason for this?