Advertisement
UK markets closed
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • CRUDE OIL

    82.44
    -0.37 (-0.45%)
     
  • GOLD FUTURES

    2,340.90
    +2.50 (+0.11%)
     
  • DOW

    37,994.12
    -466.80 (-1.21%)
     
  • Bitcoin GBP

    51,733.86
    -45.64 (-0.09%)
     
  • CMC Crypto 200

    1,389.67
    +7.10 (+0.51%)
     
  • NASDAQ Composite

    15,537.88
    -174.86 (-1.11%)
     
  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     

Why Clorox Rose 14.7% This Week

Shares of Clorox (NYSE: CLX) rose 14.7% this week, as the consumer-staples stock appeared to benefit from a decline in long-term interest rates. Clorox, which could be considered a pandemic stock, has seen a sell-off this year as inflation has risen. Additionally, a rise in long-term interest rates hurt the stock somewhat, since low-growth, dividend-paying consumer staples stocks are seen as bond proxies by many investors.