Shares of power producers fell as a retreat from the sector continued.
Strong earnings from tech companies has caused a rush back into cyclical sectors at the expense of defensive sectors.
Elevated Treasury yields are still weighing on utilities. Momentum has also turned against the sector.
The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, has pared year-to-date gains to a paltry 1%.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 05, 2026 18:52 ET (22:52 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.