Utilities Rise, But Lag Market, on Rate Fears -- Utilities Roundup

FeaturesDow Jones Newswires

Shares of power-plant operators rose, but not by as much as the broad market, as traders bet that jobs data was strong enough to support a Federal Reserve rate hike at the central bank's meeting next week.

The utility sector is particularly sensitive to interest-rate changes because fixed-income investors often eye Treasury yields when weighing investments in dividend-oriented investments like utilities.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 08, 2017 17:03 ET (22:03 GMT)