Utilities Stocks Outlook: XLU Ends Holiday Week Near Flat as Rates, AI Power Demand and Storm Risks Shape 2026
Utilities stocks lagged Friday as winter storm warnings hit the Northeast, prompting New York and New Jersey to declare states of emergency. The Utilities Select Sector SPDR Fund (XLU) closed near $42.78, little changed, with light post-holiday trading. U.S. stocks ended slightly lower; the 10-year Treasury yield held near 4.13%. Investors are watching storm costs, power bill scrutiny, and policy uncertainty on offshore wind.