Utilities stocks brace for a rate test next week after XLU lags Dow’s 50,000 rally
Utilities Select Sector SPDR ETF (XLU) rose 0.58% to $43.35 Friday, lagging the S&P 500’s 1.97% and Dow’s 2.47% gains. AES Corp climbed 2.95%, while Duke Energy slipped 1.26% ahead of its Feb. 10 earnings report. Investors await key U.S. jobs and inflation data next week that could shift Treasury yields and rate expectations.