Utilities Up on Defensive Bias — Utilities Roundup

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Shares of energy producers rose as traders turned to defensive sectors in light of concerns about slowing earnings growth in cyclical sectors.

General Electric said inflation will pressure margins in the initial projects for its giant Haliade X offshore wind turbine technology, “resulting in increasing losses” for energy operations from – its wind.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

01-24-23 1729ET

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