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Utilities: Leaders and Laggards Last Week

Vincent Kruger
Utilities: Leaders and Laggards Last Week

Utility stocks were on a rollercoaster ride last week. The Fed delivered a rate hike, which created weakness in utilities. The Utilities Select Sector SPDR ETF (XLU), which represents the S&P 500 Utilities, fell 0.8%, while broader markets fell 0.4% for the week ending September 29.