Shares of power producers fell as traders continued to rotated out of the defensive sector into precious metals, an alternative safe haven.
The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, is down slightly for the year to date.
The SPDR Select Sector Materials ETF, which tracks the natural resources industry group of the broad index, is up by 8% for the first three weeks of January.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
January 23, 2026 17:17 ET (22:17 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
The articles, information, and content displayed on this webpage may
include materials prepared and provided by third parties. Such
third-party content is offered for informational purposes only and
is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the
accuracy, completeness, timeliness, or reliability of any third-party
content displayed on this site. The views and opinions expressed in
third-party content are those of the respective authors and do not
necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays
in this content, nor for any actions taken in reliance thereon.
Users are advised to exercise their own judgment and seek independent
financial advice before making any decisions based on such content.
The third-party providers of this content are not affiliated with
Morningstar, and their inclusion on this site does not imply any
form of partnership, agency, or endorsement.