Look For Utilities and REITs To Continue To Outperform

The real estate investment trust and utilities sectors were the biggest losers of the S&P 500’s 11 key sectors, and their weakness was unanimous, as a big jump in Treasury yields helped lure investors away from the high-yielding sector. The SPDR Real Estate Select Sector ETF XLRE, -1.94% slumped 2.1% with all 32 of its equity components losing ground and SPDR Utilities Select Sector ETF XLE, +1.54% shed 2.0% with all 28 components declining. REITs are utilities are often seen as bond proxies, given their high yields, while the S&P 500 SPX, -0.12% eased 0.1%. The REIT ETF’s dividend yield

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