Is It Time to Buy Nuclear Energy Stocks After the Latest Dip?
Vistra(VST) MarketBeat·2024-12-16 14:00
The utilities sector, represented by the Utilities Select Sector SPDR ETF NYSE: XLU, has been experiencing turbulence, pulling back nearly 7% from its 52-week high since the start of December. This decline marks a sharp reversal from its prior outperformance, as capital flows have rotated out of the sector. Over the past three months, the XLU ETF reported net outflows of 6.28%, signaling a shift in investor sentiment. Previously, the utilities sector benefitted from tailwinds like Federal Reserve rate cuts ...