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FLYT - Utilities no place to hide in this week's stock market rout
Direxion Flight to Safety Strategy ETF
Utilities stocks, normally the safest and most boring of all equity investments, were hardly a refuge from the market's stormy week - in fact, the group was today's weakest performer, suggesting investors were trying to raise cash, which also was the likely reason behind a sharp drop in precious metals prices.
More news on: Utilities Select Sector SPDR ETF, NextEra Energy, Inc., Duke Energy Corporation, Energy stocks news, Stocks on the move, News on ETFs,