Financial News

Utilities ETFs Retreat After Dominion, Duke Cancel Atlantic Coast Pipeline

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...
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