Shares of power producers rose slightly as upward momentum built in the sector.
The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, was up more than 13% for the year to date, inching ahead of the technology industry group.
Another drop in Treasury yields, which often dictate the movements of utility stocks, suggested that investors still expect a rate cut from the Federal Reserve in September.
Shares of T1 Energy fell after the solar company posted a wider second-quarter loss, reflecting its struggles preparing for the early end of federal tax credits.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 20, 2025 17:48 ET (21:48 GMT)
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