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Utilities Up On Defensive Bias -- Utilities Roundup

05/28/2021 | 04:02pm EDT

Shares of power producers rose as traders rotated into defensive sectors, hedging their exposure to risk ahead of the long holiday weekend.

Treasury yields retreated on the week, stirring more demand for the dividend-oriented utilities sector.

If Texas grid operators had completely lost control of the situation, the spotty performance of the black start units could have left Texans without power for much longer than a few days, The Wall Street Journal reported.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

05-28-21 1802ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.80% 35116.4 Delayed Quote.14.14%
S&P 500 0.82% 4423.15 Delayed Quote.17.02%
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