Shares of power producers fell as Treasury yields continued their recent surge.
The yield on the two-year Treasury closed at the highest level since October 2007, amid fears that the Federal Reserve would struggle to contain a bout of runaway inflation.
French state power company EDF said a series of nuclear reactor outages are likely to wipe about $29 billion off its pretax earnings this year, underscoring energy insecurity in Europe as the continent confronts a cutoff of Russian natural-gas supplies.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-15-22 1728ET
