U.S. Markets closed

Utilities: Worst One-Day Fall in More than Two Years

Vincent Kruger
Utilities: Worst One-Day Fall in More than Two Years

On December 17, broader markets’ fall didn’t spare utilities. Utilities have been one of the best-performing sectors across equities in 2018. However, the Utilities Select Sector SPDR ETF (XLU), which tracks the top utility stocks in the country, fell more than 3.0% on December 17. Utilities recorded the biggest one-day fall since November 2016. The S&P 500 fell almost 2%, which is close to its 14-month low.