ASX Midday Sector Update: Utilities Stocks Up, Information Technology Sector Falls

MT Newswires Live

Feb 10, 2025

Utilities stocks rose a little past 0.7% at midday Monday. Hopes of the US Federal Reserve cutting interest rates received a setback after the US jobless rate fell from 4.1% to 4%.

The Environment Court approved Meridian Energy's (ASX:MEZ, NZE:MEL) 120-megawatt Ruakaka solar farm in Northland, New Zealand following an appeal. The solar farm can produce up to 200 gigawatts per hour of electricity per year.

On the other hand, the information technology sector fell almost 2%, reflecting weakness in the US tech stocks.

WiseTech Global (ASX:WTC) said it received two confidential complaints, one from an employee and one from a supplier, concerning Founder and Founding Chief Executive Richard White. The complaints are being reviewed as part of an ongoing board evaluation.

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Hopes of the US Federal Reserve cutting interest rates received a setback after the US jobless rate fell from 4.1% to 4%.</p><p>The Environment Court approved Meridian Energy's (ASX:MEZ, NZE:MEL) 120-megawatt Ruakaka solar farm in Northland, New Zealand following an appeal. The solar farm can produce up to 200 gigawatts per hour of electricity per year.</p><p>On the other hand, the information technology sector fell almost 2%, reflecting weakness in the US tech stocks.</p><p>WiseTech Global (ASX:WTC) said it received two confidential complaints, one from an employee and one from a supplier, concerning Founder and Founding Chief Executive Richard White. The complaints are being reviewed as part of an ongoing board evaluation.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Midday Sector Update: Utilities Stocks Up, Information Technology Sector Falls</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Midday Sector Update: Utilities Stocks Up, Information Technology Sector Falls\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-02-10 10:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Utilities stocks rose a little past 0.7% at midday Monday. Hopes of the US Federal Reserve cutting interest rates received a setback after the US jobless rate fell from 4.1% to 4%.</p><p>The Environment Court approved Meridian Energy's (ASX:MEZ, NZE:MEL) 120-megawatt Ruakaka solar farm in Northland, New Zealand following an appeal. The solar farm can produce up to 200 gigawatts per hour of electricity per year.</p><p>On the other hand, the information technology sector fell almost 2%, reflecting weakness in the US tech stocks.</p><p>WiseTech Global (ASX:WTC) said it received two confidential complaints, one from an employee and one from a supplier, concerning Founder and Founding Chief Executive Richard White. The complaints are being reviewed as part of an ongoing board evaluation.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2510008754","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510008754","pubTimestamp":1739155199,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Utilities stocks rose a little past 0.7% at midday Monday. 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