Shares of power producers rose after surprisingly weak gross-domestic product growth data triggered a rotation into defensive sectors.

The utilities industry group of the S&P 500 has moved into positive territory for the year to date, as investors position themselves for a slowdown in economic growth.

GE Vernova shares rose after the provider of equipment and services to power plants and wind farms posted robust growth in its electrification unit.

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(END) Dow Jones Newswires

04-25-24 1736ET