From Yahoo Finance: 2025-05-09 16:30:00

Utility stocks, led by S&P 500 Utilities Select ETF, are outperforming the S&P 500 amid tariff uncertainty. Despite a slip post-tariff policy announcement, the sector’s minimal impact from tariffs has aided its outperformance. Power demand remains strong, with all sectors contributing to growth, especially industrial and data centers.

Duke Energy signs agreements for 1GW of data center projects, projecting record load growth. Stock is up 11% YTD, with peers Exelon and Southern Company up 20% and 10%. Google collaborates with advanced nuclear developer Elementl Power, showcasing Big Tech’s growing electricity demand and sustainability efforts.

Read more: Utility stocks outperform S&P 500 with ‘no signs of recession’ in power demand