Shares of power producers fell, but not by as much as the broad market, as traders sought out safe havens.
The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, is up slightly for the year to date, while the broad index is down by more than 4% for 2025.
Doug Ford, the Canadian political leader whose export tax on U.S.-bound electricity led President Trump to escalate the Ottawa-Washington trade row, insisted he would not back down until the U.S. administration drops all tariffs.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 11, 2025 17:49 ET (21:49 GMT)
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