Shares of power producers fell as higher Treasury yields drew fixed-income investors out of the sector.
The steady rise in Treasury yields in recent weeks has weighed on a sector that investors look to as an alternative to Treasurys.
Cold snaps in much of the U.S. later in January are set to drive higher home-heating and electric-power consumption.
Write to Rob Curran at [email protected]
(END) Dow Jones Newswires