Utilities Select Sector SPDR Fund (XLU)
After hours:
| Previous Close | 64.44 |
| Open | 64.61 |
| Bid | 65.42 x 3100 |
| Ask | 65.43 x 1300 |
| Day's Range | 64.54 - 65.56 |
| 52 Week Range | 54.77 - 70.28 |
| Volume | |
| Avg. Volume | 16,162,720 |
| Net Assets | 12.36B |
| NAV | 64.46 |
| PE Ratio (TTM) | 23.02 |
| Yield | 3.31% |
| YTD Daily Total Return | 2.59% |
| Beta (5Y Monthly) | 0.75 |
| Expense Ratio (net) | 0.09% |
| Inception Date | 1998-12-16 |
- Yahoo Finance Video
Utilities: Where AI fits into the future of this sector play
The utilities sector (XLU) has remained nearly flat year-to-date when compared to the massive gains seen in other sectors in 2024, such as technology. Citi Equity Analyst Ryan Levine believes that the utilities sector's poor performance has gone on for too long, pointing to AI as "the real emerging story" that will "create a demand growth for the industry at large." "There's two groups of companies — companies on the regulated utility side and then on the unregulated side," Levine explains to Yahoo Finance. "On the regulated side, companies as you articulate in terms of close proximity to the data center buildout. So we identify Georgia as a state that's very attractive and are recommending Southern Company (SO) on that theme." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.
- Yahoo Finance Video
April is usually worst month for chip stocks. Will this continue?
Markets' Volatility Index (^VIX) is surging ahead by over 10% Tuesday morning, the second trading session in April. The month has historically been a period of "unwinding" momentum for stocks, according to BTIG Managing Director and Chief Market Technician Jonathan Krinsky. Krinsky joins Yahoo Finance Live to discuss whether the month — which is also the beginning of 2024's second quarter — could put a pause on year-to-date gains across markets and industries like the semiconductor landscape: "It's actually the worst month of the year on average for long-short momentum strategies. We're seeing areas like semis, which have had an amazing run starting to pull back. And then you're seeing areas like utilities which have lagged over the last few months start to actually perform well. There's different parts of the market doing different things. But, ultimately when you get that kind of momentum, that correlation break, that's when you see the rising Vix like we're seeing today." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Yahoo FinanceInflation: Why your electricity costs keep going up
Electricity is the only component within the energy index that is still seeing a year-over-year increase in inflation.
