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StockNews.com
StockNews.com
Business
Anushka Dutta

3 Wide-Moat Stocks to Withstand a Market Downturn: Microsoft, Merck, and Blackbaud

The escalating tensions between the U.S. and Russia over Ukraine caused stocks to tumble on Wednesday. The S&P 500 declined 1.8%, the Dow Jones Industrial Average (DJIA) fell 464.85 points, while the tech-heavy Nasdaq Composite slid 2.6%. The market opened in the red on Thursday after Russia launched military actions in Ukraine.

‘Wide-moat’ companies generally can withstand tough times, which gives them an edge over other company. The VanEck Vectors Morningstar Wide Moat ETF (MOAT) has returned 6% over the past year.

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