Shares of power producers rose as Treasury yields pared recent gains.
The utility sector was caught up in a major equity selloff triggered by rising Treasury yields last week. One strategist said markets have been relatively calm given the series of shocks in the first quarter of 2026.
"If I told you in January that the U.S. was going to invade and depose Maduro in Venezuela, going to start a war with Iran and all these other things that have happened and, 'Oh by the way, the S&P 500 would be down 3%,' you'd say 'You're nuts on either some or all fronts,'" said Oliver Pursche, senior vice president of financial advisory Wealthspire.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-25-26 1719ET
