Utilities Up as Sector Takes S&P 500 Lead -- Utilities Roundup

Dow Jones
08/21

Shares of power producers rose slightly as upward momentum built in the sector.

The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, was up more than 13% for the year to date, inching ahead of the technology industry group.

Another drop in Treasury yields, which often dictate the movements of utility stocks, suggested that investors still expect a rate cut from the Federal Reserve in September.

Shares of T1 Energy fell after the solar company posted a wider second-quarter loss, reflecting its struggles preparing for the early end of federal tax credits.

 

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

(END) Dow Jones Newswires

August 20, 2025 17:33 ET (21:33 GMT)

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