XLU Underperforms as a Bottom Sector Performer in Q1 of S&P 500; CEG and NRG Emerge as Year-to-Date Gainers while XEL and AWK Struggle to Gain Momentum

XLU Underperforms as a Bottom Sector Performer in Q1 of S&P 500; CEG and NRG Emerge as Year-to-Date Gainers while XEL and AWK Struggle to Gain Momentum

The Utilities Select Sector SPDR Fund ETF (NYSEARCA:XLU), which tracks the S&P 500 utilities sector, rose about 1.5% in the first quarter of 2024, coming way below the performance of the broader S&P 500 index, which increased by 10.7% during the same period.

The

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