Utilities were among the top performers, with the Utilities Select Sector SPDR Fund up 1.5%.
Eversource Energy finalized its deal to sell its 50% stake in the 924-megawatt Sunrise Wind project to Ørsted.
JPMorgan analysts suggested utility investors keep an eye on the data center industry. "We see this trend likely offering incremental investment opportunities across transmission and generation to service increased load, though note that as regulated monopolies, utilities do not have operating leverage like other industries do."
Write to Mary de Wet at mary.dewet@dowjones.com
(END) Dow Jones Newswires
04-19-24 1801ET
