Shares of power producers rallied, as traders rotated into the “bond proxy” sector in light of falling Treasury yields and loosening regulations.
The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, rose by more than 2.5% and is now up by 7.7% for the year to date, even as the S&P 500 remains flat.
The utilities sector is also seen as a safe bet on artificial intelligence, with PG&E and Duke Energy among the utilities who noted rising demand from data centers in recent earnings reports.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 13, 2026 17:45 ET (22:45 GMT)
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