The utility ETF fell more than 2.4%, leading the decline among U.S. stock sector ETFs, while the biotech ETF rose 3.2%
On Wednesday (January 7), the Utilities ETF fell by 2.46%, the Financials ETF and Energy ETF fell by up to 1.43%, the Banks ETF, Semiconductors ETF, Global Tech Stocks Index ETF, and Technology Sector ETF fell by up to 0.81%, while the Internet Stocks Index ETF rose by 0.28%, and the Biotechnology Index ETF increased by 3.21%. Among the 11 sectors of the S&P 500 Index, the Utilities sector fell by 2.46%, the Materials sector fell by 1.63%, the Information Technology/Tech sector rose by 0.09%, the Telecom sector rose by 0.79%, and the Healthcare sector rose by 1.01%
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