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    Home»Stock Market»Utilities Up as Shutdown Spurs Defensive Demand — Utilities ROundup
    Stock Market

    Utilities Up as Shutdown Spurs Defensive Demand — Utilities ROundup

    October 7, 20252 Mins Read


    Shares of power producers rose as uncertainty about the U.S. shutdown and Federal Reserve policy hastened a rotation to the defensive sector.

    The U.S. Energy Department is slashing nearly $24 billion of funding for climate projects, especially hydrogen-power and carbon capture endeavors, as the Trump administration seeks to undo Biden-era climate policies during the government shutdown.

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

    (END) Dow Jones Newswires

    October 07, 2025 18:13 ET (22:13 GMT)

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