Utilities Up as Treasury Yields Fall, Regulations Loosen - Utilities Roundup

Shares of power producers rallied, as traders rotated into the "bond proxy" sector in light of falling Treasury yields and loosening regulations.

The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, rose by more than 2.5% and is now up by 7.7% for the year to date, even as the S&P 500 remains flat.

The utilities sector is also seen as a safe bet on artificial intelligence, with PG&E and Duke Energy among the utilities who noted rising demand from data centers in recent earnings reports.

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(END) Dow Jones Newswires

02-13-26 1745ET