Shares of power producers rose, as traders rotated into defensive sectors.
A rotation out of economically cyclical sectors such as technology has bolstered the utilities sector in January. The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the Standard & Poor's 500, is down about 2.5%, a far smaller margin than the losses on the broad market.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-19-22 1728ET
