Shares of power producers fell, as traders rotated out of defensive sectors during a wild trading session.
Shares of utilities initially held up far better than the broad market during a flight from risk.
Late in the session, however, technology and small-cap indices, which were on the verge of bear-market territory staged a rally, and traders sold out of defensive stocks to scoop up cyclical peers.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-24-22 1708ET
