Shares of power producers fell, but not by as much as the broad market, as traders rotated into the defensive sector.
The utilities industry group of the S&P 500 trails only the energy sector for the year to date.
"While utilities rode the momentum during the fourth-quarter earnings season with increases to capex, growth rates, and projects [they] maintained their defensive nature, outperforming the S&P 500," said Alex Kania, utilities analyst at brokerage BTIG.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-06-26 1713ET
