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In U.S.-China Trade Spat, Utilities Emerge as Best Performers

  • Sector index touches highest mark in almost two months
  • Stocks seen as attractive performers with trade spat growing
Electrical Power Grid As Power Cuts Curb Growth In Africas Most Industrialized Nation
Photographer: Waldo Swiegers/Bloomberg

Utilities were the best-performing sector in the S&P 500 Index Tuesday with the threat of a looming trade war between the U.S. and China driving investors to safe havens.

The 28-company S&P 500 utility index jumped as much as 2.5 percent Tuesday to its highest intraday level since Feb. 1. Treasuries, another safe-haven investment for Wall Street, were also up.