UTILITIES SELECT SECTOR SPDR $37.50
-0.88
19/6/2013 04:19 PM
|
NYSEARCA
:
XLU
| Industries :
| Last Trade: |
37.50 |
| Trade Time: |
Jun 19 4:02 PM Eastern Daylight Time |
| Change: |
-0.88 (-2.29 %) |
| Prev Close: |
38.38 |
| Open: |
38.30 |
| Bid: |
37.49 |
| Ask: |
37.60 |
Quotes displayed are delayed by 15 minutes. Market data is provided by
Telvent DTN
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U.S. equities slid into the red today as investors digested the highly anticipated FOMC press conference. Contrary to expectations, the Fed announced that it will continue its $85-billion a month bond-buying program for now, though Bernanke indicated that tapering could begin later in the year.
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Utility ETFs have been slumping, but this fund might be a better choice in this type of environment.
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It was a volatile session on Wall Street today ahead of tomorrow’s highly anticipated U.S. employment report. In economic news, the Labor Department reported that initial claims for unemployment benefits declined last week to a seasonally adjusted 346,000, in line with expectations.
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The traditional utility sector has become a happy hunting ground for income seekers.
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