Shares of generator maker soar, insurance stocks fall as Hurricane Milton intensifies

Hurricane Milton’s intensification has caused a noticeable shift in the stock market performances of various corporations. Fuelled by the demand surge for emergency backup power systems, shares for generator manufacturer companies have notably risen. This hints at heightened investor confidence in these companies, anticipating increased consumer demand due to the hurricane’s potential damages.

On the contrary, insurance stocks are currently on a downtrend path, as these companies face the risk of large payout sums in the wake of the disaster. The anticipation of the forthcoming claims