Shares of power producers tumbled as traders recalibrated rate expectations in the wake of strong economic-growth surveys from research firm S&P Global.
The utilities sector has been among the strongest gainers in recent weeks because of renewed anticipation of rate cuts.
Federal officials forecast a record-breaking Atlantic hurricane season with the largest number of major storms since the National Oceanic and Atmospheric Administration began issuing seasonal hurricane outlooks in 1998.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-23-24 1712ET
