Shares of power producers rose as traders rotated back into the rate-sensitive sector.

Southern Co. posted a 31% increase in first-quarter net income as rising electricity prices offset a down-tick in demand for the Atlanta utility operator.

Virginia utility Dominion Energy was more or less flat in the wake of its earnings report, as it reiterated its growth projections.

Write to Rob Curran at

(END) Dow Jones Newswires

05-02-24 1716ET