Utilities Are Leading the S&P 500. Wall Street Is Pouring Into Water Stocks.

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Most of the market was caught up in Friday’s selloff, but utilities were an exception.

The S&P 500 utilities sector was up 1.2%, while about half of the major sectors were down 1% or more. Health care and consumer staples were both up slightly, while the other eight were down.

Among the S&P’s top stocks were PPL, American Water Works, FirstEnergy, and Eversource Energy. American States Water, which is not in the S&P, was also rallying.