Shares of power producers rose as traders rotated out of high risk areas into the defensive area.
The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, is now up 11% for the year to date.
Shares of GE Vernova rose after the renewable energy company reported second-quarter earnings that were well above expectations, while revenue missed amid weakness in the wind business.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-24-24 1739ET