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Analyzing Utilities in the Week Ending November 30

Vincent Kruger
Analyzing Utilities in the Week Ending November 30

The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 Utilities, gained 2.7%, while the S&P 500 rose almost 5% last week. Fewer interest rate hikes hinted by Fed Chairman Jerome Powell and a notable increase in technology shares pulled the markets up last week.