Utilities Up on Rate Hopes -- Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators rose amid hopes of a reprieve on rate hikes this year.

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"Despite potential noise from hurricanes, if incoming inflation data continue to disappoint policy makers, it would be certainly possible for more FOMC participants to join the dovish camp, calling for a pause in rate hikes this year," said analysts at brokerage Nomura Securities, in a research note.

Nuclear-plant builder Westinghouse Electric asked to tap its bankruptcy financing to shore up its global operations.

-- By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

October 12, 2017 16:45 ET (20:45 GMT)