Utilities Up on Defensive Bias -- Utilities Roundup

Shares of power producers rose as traders rotated into defensive sectors in light of mixed tech earnings.

The SPDR Select Sector Utilities exchange-traded fund was flat on a volatile week so far, despite a rise in Treasury yields, as investors concentrate on the sector's evergreen nature rather than its susceptibility to rising interest rates.

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(END) Dow Jones Newswires

04-18-24 1749ET