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The Dow Jones Utilities Average shed about 15 percent of its value over the past two days, hitting a 14-year low.
Utility stocks were especially strong, with the Dow Jones utilities average rising 2.
The Dow Jones Utilities Average (composed of 15 major utility companies) was up 7.
The Dow Jones utilities dropped 31 percent since its high in 1993.
Even comparing the movement of the Standard & Poor 500 index and the Dow Jones utilities index to Arthur Andersen's select REIT stocks over the four quarters of 1993, no consistent trading patterns materialize," he writes.