Morningstar

Utilities Up as Tech Rout Sparks Safe Haven Demand - Utilities Roundup

Provided by Dow Jones Oct 22, 2026, 9:31:00 PM

Shares of power producers rallied as traders rotated out of the tech sector and into safe havens.

Treasury yields dropped sharply due to the rush to quality. That took downward pressure off the utility sector, which is particularly sensitive to moves in yields.

Shares of California utility PG&E fell after it logged a decline in third-quarter earnings and revenue, even as it reiterated 2026 growth forecasts.

Shares of Constellation Energy, a merchant power producer closely associated with the AI boom, fell by more than 5%.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

October 22, 2026 17:31 ET (21:31 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.

Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.

Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.

Popular

4 Stocks to Buy for the Long-Term While They’re Still Undervalued

Plus, a deep dive on SpaceX’s bid to challenge US telecoms.

David Sekera, CFA and Sarah Hansen Oct 19, 2026

6 ETFs To Diversify Away From AI

A difficult problem has an easy solution.

Daniel Sotiroff Oct 19, 2026

Why This Vanguard ETF Is One of the Best

Vanguard Total International Stock is appealing for several reasons.

Zachary Evens Oct 21, 2026

The Best AI Stocks to Buy Now

Artificial intelligence stocks continue to attract investors, thanks to industry momentum and appealing valuations.

Tori Brovet Oct 20, 2026

3 New 5-Star Stocks This Week

PayPay and CRISPR are now seen as significantly undervalued.

Bella Albrecht Oct 19, 2026

Sponsor Center

Transparency is our policy. Learn how it impacts everything we do

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

© Copyright 2026 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.