Shares of power producers slid as traders rotated out of the sector, wary of the interest-rate outlook.
Utilities sector retreats >1% on rate-hike concerns; YTD gains erode to <6%. Rising borrowing costs could prompt utility capex cuts, tightening energy supply and pushing operational costs higher for data centers and cloud infrastructure.
Shares of power producers slid as traders rotated out of the sector, wary of the interest-rate outlook.
The SPDR Select Sector Utilities exchange-traded fund, which tracks the utility sector of the S&P 500, fell by more than 1%, trimming gains for the year to less than 6%.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
July 27, 2026 17:35 ET (21:35 GMT)
Shares of power producers rose as traders rotated back into a sector that had fallen into disfavor.
Shares of power producers continued their recent retreat as traders rotated into less rate-sensitive sectors.
Shares of power producers rose as traders rotated into defensive sectors due to the tech rout.
Shares of power producers fell as traders rotated into more cyclical sectors.
Shares of power producers fell as traders rotated out of defensive sectors and back into the high-risk technology group.
Shares of power producers slid as Treasury yields rose. Rising yields are a twofold blow to utilities, which are often heavily…
