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Last Week in Utilities: How These Defensives Played Out

Vincent Kruger
Last Week in Utilities: How These Defensives Played Out

Utilities continued to show strength and outperformed the broader market for the third consecutive week in the week that ended on October 19. The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 Utilities Index, rose more than 3%, while broader markets rose only marginally.