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Utilities: Movers and Shakers Last Week

Vincent Kruger
Utilities: Movers and Shakers Last Week

After a relatively upbeat start, broader markets fell on December 14 due to concerns about slowing global economic growth. The S&P 500 fell 1.2%, while utilities gained 0.6% for the week ending December 14. So far in 2018, utilities have outperformed broader markets. Including dividends, the Utilities Select Sector SPDR ETF (XLU), the representative of the top utilities in the country, has returned 11%, while broader markets have returned -1% year-to-date.