Utilities (XLU -1.7%) lead the way lower today as interest rates shoot higher. Also taking a hit...

|About: Utilities Select Sector ... (XLU)|By:, SA News Editor

Utilities (XLU -1.7%) lead the way lower today as interest rates shoot higher. Also taking a hit are basic materials (XLB -1.2%) and energy (XLE -1.5%) as most commodities, including oil (USO -1.8%), are lit up bright red. Bank of America, AIG, and Berkshire Hathaway are among the financial sector (XLF -0.6%) stocks taking a breather after big runs for most.