Utilities ETFs Retreat After Dominion, Duke Cancel Atlantic Coast Pipeline
July 06, 2020 at 16:28 PM EDT
Utilities sector-related exchange traded funds retreated Monday after Dominion (NYSE: D) and Duke Energy Corp (NYSE: DUK), two of the country’s largest utility players, abandoned the Atlantic Coast Pipeline project. The Utilities Select Sector SPDR (NYSEArca: XLU) dropped 1.7% on Monday and...