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.
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