Utilities Up on Defensive Bias — Utilities Roundup
Shares of power producers rose sharply as traders rotated into defensive areas.
The drop in Treasury yields this week, one of the largest of the last 12 months, alleviated pressure on dividend-oriented utilities.
Still, the SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group on the S&P 500, remains lower for the year to date.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 16, 2026 18:00 ET (22:00 GMT)
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