Utilities Flat as Traders Rotate Out of Market Leader -- Utilities Roundup

Shares of power producers were flat, as traders rotated into some of the laggard sectors from 2022.

Utility stocks held up better than the broad market as inflation and interest-rate fears mounted in the fourth quarter.

The Select Sector SPDR Utility exchange-traded fund, which tracks the utility industry group of the S&P 500, is lagging the broad market for 2023 so far.

 Write to Rob Curran at [e-mail] 

(END) Dow Jones Newswires

01-10-23 1734ET