(Reuters) - Exelon shares have outperformed the utility industry this
year, rising 23 percent, compared with a 9 percent gain for the
S&P utilities index .
Though still trading at multiyear highs, the index has
dipped in the past two months after hitting an all time high in
May. Utility stocks, often viewed as bond surrogates because of
their high dividend yields, have wobbled due to concerns about
the possibility of rising interest rates.
Read more at Reuters.com Market News
year, rising 23 percent, compared with a 9 percent gain for the
S&P utilities index .
Though still trading at multiyear highs, the index has
dipped in the past two months after hitting an all time high in
May. Utility stocks, often viewed as bond surrogates because of
their high dividend yields, have wobbled due to concerns about
the possibility of rising interest rates.
Read more at Reuters.com Market News
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