Utility stocks take a hit from rising interest rates
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Yahoo
Utility stocks take a hit from rising interest rates
Utilities are often viewed as a safe investment with a reliable dividend but recently, the sector has been hit by rising interest rates. The Utilities Select Sector SPDR Fund (XLU) is down 21% year-to-date. Yahoo Finance Senior Business Reporter Ines Ferre joins the live show to explain how higher interest rates are taking a toll on the sector ...
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