Utilities Down Slightly As Investors Hedge On Stimulus Odds -- Utilities Roundup

Shares of power producers ticked down as investors hedged their bets on the likelihood of a stimulus deal before the presidential election.

The utilities sector has tended to hold up better than more cyclical sectors on sessions when odds of a stimulus deal seem to grow more remote.

That's because the growth trajectory of the sector is unlikely to change significantly based on the measures under consideration.

At the same time, the prospects of a Democratic sweep in the elections could be pivotal for companies such as renewable-energy producer NextEra Energy.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

10-21-20 1714ET