Utilities up as Long-Term Treasury Yields Fall - Utilities Roundup
Dow Jones11-03 06:02
Shares of power producers rose as Treasury yields remained near their recent lows.
Investors have rotated out of high-risk tech sector into defensive areas such as utilities.
The biggest monthly decline in long-term Treasury yields of the year also triggered a rotation into dividend-oriented utilities.
Shares of battery technology firm Fluence Energy fell sharply after the company reshuffled its executive leadership.
Veteran Siemens executive Axel Meier will replace Fluence Energy Chief Executive Julian Nebreda on an interim basis.
AES executive Richard Roizen will be the interim replacement for Chief Financial Officer Ahmed Pasha.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments