Utilities stocks face a big rate test next week after XLU slips — what to watch
The Utilities Select Sector SPDR Fund (XLU) closed Friday down 0.18% at $43.25, while the Utilities Select Sector Index slipped 0.21%. Investors are watching President Trump’s Fed chair pick and upcoming U.S. jobs data as interest rates regain influence. A new reliability warning highlighted concerns over grid investment after storms left 38 dead and nearly 300,000 without power.