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Utility Stocks Compared to Broader Markets Last Week

Vincent Kruger
Utility Stocks Compared to Broader Markets Last Week

At large, utilities underperformed broader markets last week. The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 Utilities, rose 0.4%. Broader markets continued to increase and rose more than 1% for the week ending September 14. Despite the Fed’s aggressive stance about the rate hike this year, utilities—one of the most vulnerable sectors to rate hikes—showed strong growth in the last few months due to trade war concerns.