Shares of power producers rose as traders bet the sector would benefit from increased electricity demand.
One strategist cited the recent agreement between Microsoft and the defunct nuclear plant on Three Mile Island. Demand is increasing "from multiple fronts," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
Rescuers restarted efforts to reach isolated communities cut off by devastating floods as the death toll from Hurricane Helene surpassed 100 across six states in the Southeastern U.S.
Morgan Stanley's alternative-investment arm has raised $750 million for its first 1GT growth fund aimed at backing businesses that help reduce carbon emissions, even as the shift to clean energy faces more hurdles.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-30-24 1752ET
