Utilities Up On Tax Bill, Rate View -- Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators rose sharply amid signs that the tax-reform bill was foundering. The tax package was seen as driving up growth and inflation -- developments that often coincide with an up-turn for interest rates and a downturn for utility stocks.

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Utility stocks have recently developed an inverse-correlation to another rate-sensitive group, financials, which fell sharply Tuesday.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 07, 2017 16:50 ET (21:50 GMT)