Utilities stocks wobble after PJM emergency auction push; XLU dips as Constellation, Vistra sink
Constellation Energy plunged 9.8% and Vistra fell 7.4% Friday after the Trump administration called for an emergency PJM power auction and new capacity market rules. The Utilities Select Sector SPDR Fund (XLU) slipped 0.5% to $43.39. U.S. markets will be closed Monday for Martin Luther King Jr. Day. Treasury yields rose, with the 10-year at 4.227%.