Utilities Up as Sector Reaches Breakeven on Year -- Utilities Roundup

Shares of power producers rose and reached the flat line for the year to date as investors calibrate the outlook for interest rates.

The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, was under pressure in April amid anticipation of stiffer competition from Treasury yields but is now more or less flat as investors once more anticipate rate cuts later in 2024.

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(END) Dow Jones Newswires

05-06-24 1728ET