Shares of power-plant operators rose as Treasury yields remained under pressure and trade-war fears boosted defensive, yield-paying areas of the market. The utility sector was among the strongest among the 11 Standard & Poor's 500 sectors during the first half of the year, as traders unwound bets that the sector would suffer because of anticipated rate increases. Utility operator Scana filed a lawsuit in federal court challenging the constitutionality of a new South Carolina law that would cut electricity rates.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 02, 2018 17:04 ET (21:04 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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