Shares of power producers rose as Treasury yields fell and momentum built.
The SPDR Select Sector Utilities exchange-traded fund rose 0.9% and is now up by more than 20% for the year to date.
Federal Reserve Chairman Jerome Powell hinted that the central bank may cut rates again in October, and could begin expanding its balance sheet again.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 14, 2025 17:13 ET (21:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.