- The utilities sector (NYSEARCA:XLU) was a rose blooming among today's broader market trash, as U.S. interest rates fell and investor sentiment turned to safer havens.
- “While we expect gradually rising interest rates to correspond directionally to higher long-term yields, we see this playing out over several quarters and believe fluctuations will continue to create trading opportunities for interest rate-sensitive utilities and IPPs," CIBC analyst Robert Catellier writes.
-
S&P Utilities ETF holdings all finished with solid gains: DUK +1.8%, PPL +1.8%, D +1.8%, PCG +1.7%, SRE +1.5%, NEE +1.5%, AEP +1.3%, SO +1.2%, EXC +1.1%, EIX +0.9%.
- Other ETFs: UTG, IDU, VPU, GUT, BUI, FUTY, RYU, UPW, FXU, PUI, SDP, PSCU