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Why Duke Energy Underperformed the Utility Sector

Robert Scott
Why Duke Energy Underperformed the Utility Sector

Duke Energy (DUK) has fallen 4.1% YTD (year-to-date). However, the Utilities Select Sector SPDR ETF (XLU) has risen 1.2% YTD. The S&P 500 Index and the S&P Mid-Cap 400 Index, the broader market indexes, have risen 9.6% and 7.6% YTD, respectively. Utility stocks constitute 2.8% and 4.5% of these equity indexes, respectively.