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Movers and Shakers from S&P 500 Utilities Last Week

Vincent Kruger
Movers and Shakers from S&P 500 Utilities Last Week

Turkey troubles fueled a flight to safety among investors, which boosted utilities last week. The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 Utilities, rose 3%, and the broader markets rose 0.7% during the week. Trade war tensions have influenced the rally in utilities in the last few months. So far this year, the broader utilities have risen ~3%, underperforming the broader markets.