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That's because the bill reduced individual taxes by $129 billion for 2025. But many Americans didn't change their withholding for the year, so they'll get back the extra amounts withheld from their paychecks in their tax returns.As of late February, the average refund is a bit more than 10% higher so far this year, pushing the average refund amount for individual filers from around $3,450 to more than $3,800. Unless you have urgent spending needs or you can pay down expensive debt, the wisest thing to do with that refund is to invest it and give your retirement portfolio a bit of a shot in the arm.Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »But in such uncertain times, when the war in the Middle East is pushing major stock indexes down and driving market volatility higher -- with no clear end to the conflict in sight -- it's difficult to know where to invest.Image source: Getty Images.Fortunately, there are prudent investments that should outperform other assets in volatile or down markets. And if you look at a heat map of the S&P 500, you can see that many of these stocks are already outperforming the broader market over the past month as the war has ground on.First of all, consider stocks of companies that provide essential goods that people won't stop buying even if the economy stagnates or inflation rises. The consumer staples sector includes discount retailers like Costco Wholesale (NASDAQ: COST), Target (NYSE: TGT), and Walmart (NASDAQ: WMT). People will continue to shop at these low-cost chains even when the economy falters. Even better, higher-income consumers looking to cut costs in tough times will increase their visits to these stores.Healthcare is another great defensive sector. I like Johnson & Johnson (NYSE: JNJ) and CVS (NYSE: CVS) -- they provide essential medical supplies or services that people will need in good times and bad. Healthcare is not a luxury.And utilities are always a great bet if you think the market and/or economy is about to turn downward, as they provide essential services that don't see a decline in demand in recessions. Three top utilities to consider are American Water Works (NYSE: AWK), a water utility; Brookfield Infrastructure (NYSE: BIPC), a gas utility; and NextEra Energy (NYSE: NEE), an electric utility.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,700.15 +67.96 (+1.02%)Dow 3046,949.64 +391.17 (+0.84%)Nasdaq22,397.67 +292.31 (+1.32%)Russell 20002,503.40 +23.35 (+0.94%)VIX24.47 -2.72 (-10.01%)Gold4,997.60 -64.10 (-1.27%)Trending tickersADBE Adobe Inc. 255.65 +6.33 (+2.54%)BTC-USD Bitcoin USD 73,859.53 +2,417.81 (+3.38%)XYZ Block, Inc. 59.67 -0.12 (-0.20%)ULTA Ulta Beauty, Inc. 526.21 -9.51 (-1.78%)RBRK Rubrik, Inc. 51.88 -1.55 (-2.90%)PortfolioSign in to access your portfolioSign inTop gainersNSA National Storage Affiliates Trust 40.07 +9.13 (+29.51%)NBIS Nebius Group N.V. 130.38 +17.43 (+15.42%)FPS Forgent Power Solutions, Inc. 34.89 +3.92 (+12.65%)BMNR Bitmine Immersion Technologies, Inc. 23.04 +2.50 (+12.17%)NSA-PA National Storage Affiliates Trust 22.80 +2.49 (+12.25%)Top losersTXG 10x Genomics, Inc. 16.84 -1.96 (-10.40%)VNET VNET Group, Inc. 9.55 -0.96 (-9.13%)CF CF Industries Holdings, Inc. 121.36 -8.21 (-6.34%)KLAR Klarna Group plc 14.92 -0.99 (-6.22%)VG Venture Global, Inc. 12.24 -0.84 (-6.44%)Most activeNVDA NVIDIA Corporation 184.77 +4.52 (+2.51%)ONDS Ondas Inc. 10.31 +0.15 (+1.48%)INTC Intel Corporation 47.90 +2.12 (+4.64%)PLUG Plug Power Inc. 2.2650 +0.1150 (+5.34%)AAL American Airlines Group Inc. 10.38 +0.07 (+0.73%)Top economic eventsEarnings eventsMy earnings eventsEarnings events