Utilities Lower on Rate Views -- Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators fell sharply as traders positioned themselves for higher interest rates.

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Comments from Federal Reserve Chairwoman Janet Yellen on Tuesday drove odds of a rate increase in December higher on fed funds futures markets. Utility stocks compete with Treasurys, whose yields track fed funds rates, for the dollars of fixed-income investors.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

September 27, 2017 16:54 ET (20:54 GMT)