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S&P 500 Utilities: A Look at Last Week’s Leaders and Laggards

S&P 500 Utilities: A Look at Last Week’s Leaders and Laggards

There was some weakness in broader markets throughout last week due to fears of a trade war. At the same time, the defensives (utilities) steadily rose and gained approximately 2% last week (the week ended on March 16, 2018). The Fed’s aggressive stance about interest rate hikes has strongly weighed on them recently.