Stock Market News

Utilities Drop on Cyclical Bias - Utilities Roundup

December 06, 2024 at 05:43 pm EST

Shares of power producers fell sharply after strong economic data quelled demand for defensive sectors.

Pelican Energy Partners is applying lessons learned from years of backing oilfield-services companies as it deploys a $450 million fund focused on businesses that cater to nuclear power plants.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

12-06-24 1742ET

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