Shares of power plant operators rose, but not by as much as the broad market, as traders rotated into more economically sensitive areas in light of the strong June jobs report. Utilities had gained at the expense of financials in recent weeks as they were seen as benefiting from the extension of the low interest-rate era even as financials suffered from it. That trend reversed itself Friday. "Financials actually got a bid, and that came at the cost of utilities which have been moving up," said Quincy Krosby, market strategist at Prudential Financial. "Money came out of utilities and went right into financials."

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 08, 2016 18:18 ET (22:18 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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