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Utilities Up As Inflation Scare Subsides -- Utilities Roundup

May 13, 2021 at 05:17 pm EDT

Shares of power producers rose as traders rotated back into the sector after an inflation scare.

Utilities sold off heavily after Wednesday's inflation data because of fears that Treasury yields were set to rise smartly, which would weigh on investment demand for the dividend-oriented sector.

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

(END) Dow Jones Newswires

05-13-21 1716ET

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Utilities Up As Inflation Scare Subsides -- Utilities Roundup

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