Utilities Up As Defensive Sectors Regain Popularity -- Utilities Roundup
Shares of power-plant operators rose as traders rotated back into defensive sectors, after the Federal Reserve's lukewarm endorsement of economic growth.
Utilities and other dividend-oriented sectors fell out of favor in the last several months as investors dived into fast-growing and fast-appreciating economically cyclical shares. Utilities have regained some popularity after two triple-digit sell-offs in the Dow Jones Industrial Average caused a reappraisal of risk.
--Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
January 31, 2018 17:23 ET (22:23 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.