Utilities Rise Slightly On Rate Fears - Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators rose, but not by as much as the broad market, amid interest-rate fears. Federal Reserve Bank of New York President William Dudley said he still expected another rate hike in 2017, despite recent uneven inflation and economic data. Shares of FirstEnergy rose after analysts at brokerage Evercore ISI boosted their rating on the the Ohio utility.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

August 14, 2017 16:43 ET (20:43 GMT)