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S&P 500 Utilities Stocks with the Highest Potential Upsides

Vincent Kruger
S&P 500 Utilities Stocks with the Highest Potential Upsides

The utilities sector, one of the most sensitive sectors to interest rate hikes, has been subdued this year. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, has fallen more than 4% year-to-date, while the S&P 500 has risen 3%. Strength in Treasury yields and faster-than-expected interest rate hikes have weighed on utilities this year.