Shares of power producers rallied, as traders rotated into rate-sensitive sectors.
A drop in Treasury yields linked to reduced tariff and inflation expectations spurred gains for dividend-oriented sectors such as utilities.
Wind-power firm Orsted slid after warning of a $1.7 billion fourth-quarter impairment amid higher costs at its U.S. Sunrise Wind project and increased financing costs.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-21-25 1743ET