Reported 2 days ago
Utility stocks have seen significant gains this year, outperforming the S&P 500 as power demand continues to grow despite recession fears linked to tariff uncertainties. The S&P 500 Utilities Select ETF (XLU) is up 6%, while the overall index and other sectors are down. Analysts note that US power demand has risen 5.5% year-over-year, driven by the industrial sector and advancements in technology and manufacturing. Major companies like Duke Energy are forecasting unprecedented load growth, reflecting strong electricity demand in various sectors.
Source: YAHOO