Shares of power producers rose as traders rotated into some of the defensive sectors that lagged the broad market in 2023.

The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, lost roughly 10% for 2023, but has risen 2.4% for 2024 so far, even as most sectors have foundered.


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

(END) Dow Jones Newswires

01-05-24 1744ET