Utilities shares fall as traders rotate into cyclical sectors

7 articles · Updated · MarketWatch · May 6

Exelon shares also slipped after the Chicago utility reported better-than-expected adjusted earnings and revenue in the latest trading session.
Power producers declined as investors looked past strong company results and shifted away from defensive stocks such as utilities toward materials and technology.
The move reflected broader risk appetite in equity markets, with lower oil prices helping drive sector rotation despite supportive earnings from a major utility.

With AI demand surging, why are investors fleeing utility stocks like Exelon despite its strong earnings?

Can the nation's power grid handle the AI revolution without causing electricity price hikes for everyday households?