2-2-18 5:02 PM EST | Email Article

Shares of power-plant operators fell, but not by as much as the broad market, as traders rotated into defensive areas, considered evergreen. The SPDR Select Utility exchange-traded fund, which tracks the price of the utility sector, is down sharply for the year-to-date, however, as the shock of rapidly rising Treasury rates has taken a bigger toll on the rate-sensitive utility sector. Exelon said it is closing the Oyster Creek nuclear plant in New Jersey in October, a year ahead of schedule.

 

Rob Curran, rob.curran@dowjones.com

 

(END) Dow Jones Newswires

February 02, 2018 17:02 ET (22:02 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Add a Comment

Try Premium Membership today. Your first 14 days are free of charge. Start my Premium Membership Trial.
Sponsored Links
Buy a Link Now
Sponsor Center
Content Partners