Sempra Energy is trading 4.6% down at $88.00 in pre-market as a U.S.–Iran peace agreement sparks a broad risk-on rally, favoring growth and tech over defensive, rate-sensitive sectors.
- The move comes despite broader U.S. equity futures trading firmly higher, as investors pivot away from defensive utility stocks following the geopolitical breakthrough.
- Lower oil prices resulting from the peace deal have further dampened sentiment for the sector, contributing to the downward pressure on the stock.
- No company-specific headlines or rating changes have been identified this morning, indicating the decline is driven by a macro-led sector rotation.