Shares of power producers fell, but not by as much as the broad market, as traders rotated back into the defensive sector ahead of the turn of the year.
Investors were taking profits in higher-risk sectors because of uncertainty about the sustainability of a postelection rally.
Shares of Vistra rose as the power producer was set to be the second strongest gainer on the broad S&P 500 for the year due to hedge funds betting it would see increased revenue because of voracious artificial-intelligence power demands.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-30-24 1656ET