Utilities Up as Upward Momentum in Sector Builds - Utilities Roundup
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Dow Jones
Shares of power producers rose as momentum built in the sector.
The utilities industry group of the S&P 500 has gone from one of the worst performers on the S&P 500 to being one of the strongest sectors for the year to date.
Shares of NRG plunged after the Houston power producer logged a decline in quarterly revenue.
Self-driving car startup Wayve Technologies has raised more than $1 billion from investors to accelerate the development of AI-based products for automakers.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 07, 2024 17:53 ET (21:53 GMT)
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