Shares of power producers fell as traders rotated back out of defensive sectors into cyclical sectors, in light of better-than-anticipated jobs data.
Deep-pocketed investment firms such as TPG, Apollo Global Management and Paulson & Co. in recent months have plowed hundreds of millions of dollars into companies that make what are called long-duration batteries, seen as crucial to the expansion of renewable energy.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-09-21 1730ET
