S&P 500 Sectors Broadly Higher; Utilities Up 3.01% as CEG Gains 12.25%

The scale of the utilities move, and the fact that it was led by the independent power producers rather than the regulated names, points to a sector-specific catalyst rather than a broad defensive rotation. That distinction matters because it suggests the buying is concentrated in the merchant power complex, which has become a proxy for data-center and electrification demand. Whether that leadership broadens into the regulated utilities or fades once the immediate catalyst passes is the open question.