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Utility stocks declined slightly.
These are not your granny's utility stocks.
Utility stocks are still good for widows and orphans.
"Utility stocks traded well," said Jonathan Olesky, head of block trading at Morgan Stanley Dean Witter.
By contrast, technology and utility stocks are up about 1percentt.
He noted that utility stocks were comparatively strong during the volatile second half of last year.
Utility stocks fell sharply after Pacific Gas and Electric filed for Chapter 11 bankruptcy protection.
One piece of evidence was a skid in utility stocks, a traditional haven for nervous investors.
Archives|WARNING FROM INSULL.; Prices of Some Utility Stocks Nearing Danger Point, He Says.
Food, drug and utility stocks were strong, while technology stocks were mixed.
Utility stocks, to be sure, have had their ups and downs.
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