NEW YORK – The Dow Jones Utility Average (DJU), a key benchmark tracking the performance of leading U.S. utility companies, experienced a downturn in trading on Wednesday, April 10th.
As of 12:53:07 PM Eastern Time (UTC-4), the index stood at 974.65. This reflects a decline of 8.46 points, or 0.86%, for the session. The index had previously closed at 983.11.
The intraday chart shows the DJU opening lower, attempting a brief rally early in the session before succumbing to selling pressure. The index saw a notable dip around 12:30 PM before staging a partial recovery. Despite the bounce off the lows, the average remained firmly in negative territory around lunchtime.
The move lower in the DJU suggests investors are pulling back from the typically defensive utility sector, often sensitive to interest rate expectations and broader market sentiment. The performance of this index is closely watched as an indicator of investor appetite for dividend-paying, rate-sensitive stocks.