There is a bullish case for utilities stocks. There's strong capitulation happening that typically means a bounce is near: https://mapsignals.com/map-blog/bullish-case-for-utilities-stocks/

Selling in stocks is normal. However, capitulation is rare and often indicates oversold conditions. Luke walks you through the sell signals we are seeing and provides a historical study that points to upside.

The Utilities Select Sector SPDR Fund $XLU tends to rally hard after downdrafts like this. Keep in mind this is not personal advice of any kind. We want to help you learn how to invest, and using data can help! Focus on the opportunity.