Utilities Rise As Traders Rotate Into Rate-Sensitive Sectors-- Utilities Roundup
October 02 2015 - 5:04PM
Dow Jones News
Utilities rose as investors in the rate-sensitive sector
breathed a sigh of relief after a weak jobs report. Utilities are
among the sectors most sensitive to changes in the outlook for
interest rates as the high-yielding stocks compete with Treasurys
for the dollars of fixed-income investors. American Electric Power
agreed to sell its river barge company to American Commercial Lines
for about $550 million; it expects to book a profit of about $125
million on the transaction in the fourth quarter.
-Rob Curran, rob.curran@dowjones.com
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(END) Dow Jones Newswires
October 02, 2015 16:49 ET (20:49 GMT)
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