Utilities Up as Trade-War Fears Spur Defensive Sectors -- Utilities Roundup
July 02 2018 - 4:19PM
Dow Jones News
Shares of power-plant operators rose as Treasury yields remained
under pressure and trade-war fears boosted defensive, yield-paying
areas of the market. The utility sector was among the strongest
among the 11 Standard & Poor's 500 sectors during the first
half of the year, as traders unwound bets that the sector would
suffer because of anticipated rate increases. Utility operator
Scana filed a lawsuit in federal court challenging the
constitutionality of a new South Carolina law that would cut
electricity rates.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
July 02, 2018 17:04 ET (21:04 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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