Utilities Down Slightly Amid Defensive Shift -- Utilities Roundup

02/28/18 05:08 PM EST

Shares of power-plant operators fell Wednesday, but not by as much as the broad market, as traders shifted into a defensive posture. The return of volatility to the stock market caused investors to seek out havens, including utilities and even Treasury bonds, which rose slightly. At such time as Treasurys begin another retreat, however, one strategist expects utilities to lag the performance of the broad stock market. "Utilities, telecoms, consumer staples may be amongst the more challenged sectors," said Oliver Pursche, chief market strategist at broker dealer Bruderman Brothers.


-Rob Curran, rob.curran@dowjones.com


(END) Dow Jones Newswires

February 28, 2018 17:08 ET (22:08 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.