Utilities stocks trump other havens as virus fears spread
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NEW YORK (Reuters) - U.S. utilities stocks have outperformed other traditional havens in recent days, as worries over the spreading coronavirus epidemic sparked a rush to safety. The S&P 500 Utilities index is up about 3.2% since Jan. 21, when the first case of coronavirus was reported in the United States. The index has risen 6.6% this month, logging its best monthly gain since 2016 and beating every other sector in the S&P.By comparison, gold rose 1.8% in that period, while the Japanese yen..