"Utilities Surge as Treasury Yields Hit Lowest Level Since August After Jobs Report"

Shares of utility companies surged as long-dated U.S. Treasury yields dropped to their lowest levels in three months, driven by weaker-than-expected job growth data. The decline in yields suggests hopes for a cooling labor market and easing inflation, potentially leading to interest rate cuts by the Federal Reserve next year. The SPDR Select Sector Utilities ETF led all S&P sectors, with top gainers including NextEra Energy, Sempra, Exelon, Dominion Energy, and Southern Co.