The Utilities Select Sector SPDR (NYSEArca: XLU), the largest utilities sector exchange traded fund, faltered late last year and now resides about 10% below its most recent 52-week high, a move that fits the definition of a correction. Rising interest rates and tax reform are among the issues that hindered the utilities sector in late [...] Read more on ETFtrends.com.
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This article was provided by our partner Tom Lydon of etftrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
