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Utilities also under major pressure this morning

  • The Utilities Select SPDR ETF (NYSEARCA:XLU) is down 4.6% in premarket action despite the historic decline in interest rates.
  • At current check, the 10-year Treasury yield is just 0.47%, and the long bond is 0.91%.
  • To be fair, the charts of many of the big players in utilities have been up and to the right for a very long time. The move down in the past couple of weeks and today is barely a blip on the 10-year view.
  • NextEra Energy (NYSE:NEE-4.9%, Duke Energy (NYSE:DUK-4.1%, Dominion Energy (NYSE:D-3.1%, American Electric (NYSE:AEP-3.7%

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Related Stocks

SymbolLast Price% Chg
XLU--
Utilities Select Sector SPDR® Fund ETF
NEE--
NextEra Energy, Inc.
DUK--
Duke Energy Corporation
D--
Dominion Energy, Inc.
AEP--
American Electric Power Company, Inc.