Utilities Down as Treasury Yields Rise -- Utilities Roundup

Shares of power producers fell sharply as Treasury yields rose in the wake of a surprisingly strong jobs report.

The Utilities Select Sector SPDR exchange-traded fund, which tracks the utilities industry group on the S&P 500, fell by more than 2% and is in the red for the year to date.

In contrast, the technology sector has risen by roughly 15% in 2023 so far.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

02-03-23 1729ET