Utility Stocks Tick Up On Defensive Rotation - Utilities Roundup
Shares of power-plant operators ticked up as traders rotated out of cyclical areas and into defensive ones, amid concerns about stock-market valuations. The utility sector was not as strong as other defensive sectors such as telecoms as it is seen as more susceptible to the negative effects of rising interest rates.
-Rob Curran, email@example.com
(END) Dow Jones Newswires
November 29, 2017 16:35 ET (21:35 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.