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Utilities: Movers and Shakers Last Week

Vincent Kruger
Utilities: Movers and Shakers Last Week

Utility stocks continued to trade strongly compared to broader markets last week. The Utilities Select Sector SPDR ETF (XLU) rose marginally, while broader markets fell 1.5% for the week ending November 16. So far in 2018, utilities have risen more than 5%, while the S&P 500 has risen ~2%.