Shares of power producers fell as Treasury yields rebounded.
Fears of increased U.S. budget deficits in the wake of the presidential election has caused a rally in long-dated yields, making those bonds more attractive than utility stocks, which are prized for their dividends by fixed-income investors.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-01-24 1730ET