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Apex Trader Funding (ATF) - News

Utilities Notch 7th Straight Session Of Gains: 'Potential Derivative Play To The AI Boom'

Utilities rarely steal the spotlight in market headlines, often overshadowed by the exponential growth of tech giants and the emergence of artificial intelligence leaders. Despite the lack of attention, the utilities sector, represented by the Utilities Select Sector SPDR Fund (NYSE:XLU), has quietly achieved its seventh consecutive session in the green on Thursday, surpassing the performance of every other sector in the S&P 500 since the beginning of the year. With a year-to-date performance of approximately 13.6%, utilities are edging ahead of energy, tracked by the Energy Select Sector SPDR Fund (NYSE:XLE), and doubling the returns of the technology sector, represented by the Technology Select Sector SPDR Fund (NYSE:XLK). Chart: Utilities Outperform Every S&P 500 Sector Year-To-Date The ...