3 Stocks to Dump in a Rising-Rate Environment
February was a wild month for the stock market.
All three major indexes ended the month in the green, with the Dow Industrials adding 4.4% and the S&P gaining 3.4%. And even with its 4.9% decline last week, the technology-heavy Nasdaq still turned out a 1.4% gain.
This may be a sneak preview of what’s coming next for the markets… including three winning sectors and three losing stocks.
Marching in Like a Lion
The steep sell-off in tech stocks had one culprit: rising interest rates. The 10-year Treasury note jumped to 1.54% from 0.93% at the beginning of the year: