Shares of power producers rose, but not by as much as the broad market, as traders rotated into cyclical sectors such as technology and industrials.
The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, is more or less flat for the year to date but is still ahead of the technology sector, which is down about 2% for 2026 due to recent volatility.
Shares of Orsted rose after the Danish wind-power developer reiterated its earnings projections for the next two years despite hefty impairments and U.S. tariff costs hitting its bottom line in 2025.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-06-26 1803ET

















