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Utilities: Analyzing Gains and Losses Last Week

Vincent Kruger
Utilities: Analyzing Gains and Losses Last Week

Utilities felt the brunt of the broader market turmoil last week, but were relatively better. The Utilities Select Sector SPDR ETF (XLU), which represents top utility stocks, fell 1.4%, while the S&P 500 fell ~4% during the week ending November 23. The ten-year Treasury yields closed at 3.04% last week. Treasury yields and utilities tend to trade inversely to each other.