Shares of power producers rose as traders continued to chase gains in the sector.
The SPDR Select Sector Utilities exchange-traded fund is now up by almost 20% for the year to date.
Utility stocks’ allure is comparable to that of gold, with the defensive sector serving as a safe haven for investors anxious about the sustainability of U.S. and international budgets.
Federal authorities arrested a man accused of sparking a California blaze on New Year’s Day that eventually became the Palisades fire, which destroyed thousands of homes and killed a dozen people.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 08, 2025 18:48 ET (22:48 GMT)
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