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FLYT - Utilities sector down 17% in a week hardly immune from economic woes
Direxion Flight to Safety Strategy ETF
The unusually weak performance in the utilities sector (XLU-6.9%) - sinking 17% over the past week - is drawing attention, considering the group generally is regarded as a defensive-oriented, counter-cyclical sector.
More news on: Utilities Select Sector SPDR ETF, Dominion Energy, Inc., Consolidated Edison, Inc., Energy stocks news, Stocks on the move, News on ETFs,