After a challenging 2022, the stock market is looking forward to fresh challenges this year. Minutes from the Fed’s policy meeting in December showed that interest rate hikes would continue until more progress is made on bringing inflation down. This is expected to keep the stock market under pressure this year.
Amid this backdrop, investors must look for stocks that can survive and generate passive income during a downturn. Healthcare major Gilead Sciences, Inc. (GILD) has been a solid dividend payer. It has raised dividends for seven consecutive years.
