Utility Stocks On A Rise
April 2, 2008
Even with the state of the economy, analysts released information that shares within the US utility companies rose during this week of trading.
Analysts are quick to point out that even though the US economy might be heading for a recession, as predicted by the Federal Reserve Chairman, they see utility stocks as a “safe haven” with economic downturn. For example, American Electric Power Co. increased its share value by forty-one cents to close at $43.08, while Consolidated Edison Inc. rose by twenty cents to close at $40.89.