Shares of power producers rose as the defensive sector retained some momentum from last week.

Utilities rose last week, even as the broad market underwent a significant correction.

Traders gravitated towards "the quintessential sector to do well during disturbing" or unsettled economic and geopolitical times, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

04-22-24 1721ET