FUTY - Utilities are the leading sector in the S&P 500
The U.S. markets are trading to the downside across the board, with the S&P 500, Dow, and Nasdaq all in the negative.Below is a mid-day sector summary of the S&P 500. Utilities have been the leading sector of the day, and utilities also have some positive performing exchange traded funds that have been on an upward trajectory of late.Each ETF below shows the daily percentage move along with its month-to-date return.S&P 500 Utilities Sector SPDR (XLU) +0.84%, +9.82%.Utilities ETF Vanguard (VPU) +0.73%, +9.50%.US Utilities Ishares ETF (IDU) +0.68%, +9.87%.Utilities Alphadex ETF FT (FXU) +0.61%, +11.79%.Fidelity Utilities MSCI ETF (FUTY) +0.54%, +9.43%.Examine how major averages are looking for direction in today’s trading as financial stocks take the brunt of selling pressure after the blowout of Archegos Capital.
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Utilities are the leading sector in the S&P 500