Utilities ETFs Weaken as Defensive Investors Turn Offensive
April 22, 2016 at 15:26 PM EDT
With investors returning to more riskier segments of the market, defensive utility stocks and sector-related exchange traded funds are losing momentum. The Utilities Select Sector SPDR (NYSEArca: XLU) has declined 3.8% since Wednesday and is now trading below its short-term, 50-day simple moving...